PETALING JAYA: Sime Darby Bhd
has walked away from buying a stake in New Britain Palm Oil Ltd (NBPOL) after the exclusivity period to conclude the deal ended.
As Sime Darby gave no reason for walking away from negotiating to buy a 48.97% stake in NBPOL from Kulim (M) Bhd, analysts wonder if the collapse of the takeover would lead to Felda Global Ventures Holdings Bhd (FGV) or Singapore’s Wilmar International Ltd and Indonesia’s Sinar Mas Group and RGE Group entering fresh negotiations with Kulim.
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