Indonesia's Rajawali to maintain 2.55% stake in Felda Global Ventures


PETALING JAYA: The Rajawali Group has no immediate plans to seek a bigger stake in Felda Global Ventures Holdings Bhd (FGV), even as the two companies plan to complete a deal by August,

Earlier this month, FGV had proposed to buy a 37% stake in Rajawali’s PT Eagle High Plantations Tbk for cash and shares in a deal worth US$680mil (RM2.5bil).

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , FGV , 5222 , Rajawali , stocks , shares , klci , klse , palm oil , oil palm ,

Next In Business News

Covered but still exposed
Auction market rising
Why some homes rot faster
Perlis Inland Port to contribute to US$30bil Malaysia-Thailand trade target
Hormuz gloom for European stocks
Asia-Pacific debt markets gain traction
Shifting to a lower gear
Sobering times for alcohol industry
Climate tech latest investment play
Oriental Kopi’s quick profit dip highlights challenges in F&B sector

Others Also Read