Malaysia's FGV to buy into Indonesia's Eagle High Plantations


FGV group chief financial officer Ahmad Tifli Mohd Talha(pic) recently said mergers and acquisitions would remain part of the group

PETALING JAYA: Felda Global Ventures Holdings Bhd (FGV) is set to acquire a stake in an Indonesian oil palm company, expanding the group’s plantation assets in the republic, even as it seeks to exit refining business in North America.

Sources told StarBiz that FGV was proposing to purchase a substantial stake in Jakarta Stock Exchange-listed Eagle High Plantations Tbk at 800 rupiah a share.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

China to keep interest rates at appropriate levels
Gold shines as Middle East tensions offset easing US rate-cut bets
Malaysian millennials lead as most financially literate generation
Oil stabilises after sharp drop on demand concerns, easing of Middle East tension
China to keep expanding market access
Asia stocks bounce as soaring dollar pauses
TSMC's first quarter profit rises 9%, beats forecasts
Asia FX gains on respite from dollar strength, equities rally
Bursa Malaysia mixed at midday break, key index up
Dialog Axiata inks deal to acquire Airtel Lanka via share swap

Others Also Read