FGV still in talks with Rajawali over Eagle High buy

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) has reiterated that its discussions are ongoing with PT Rajawali Corpora for its proposed acquisition of PT Eagle High Plantations Tbk.

“We urge all parties to avoid speculating on the details or outcome of any transaction, or any factors that may impact our business decision.

“We understand that this transaction has generated strong interest from the investing community as well as regulators, and point to our commitment to high governance and transparency in keeping all parties abreast of the latest developments in line with regulatory requirements,” FGV said in a statement.

FGV had earlier proposed to buy a 37% stake in PT Eagle High Plantations Tbk for US$680mil (RM2.93bil) from the Rajawali Group. However, last December, it was reported that the Felda group’s investment arm, Felda Investment Corp (FIC), could acquire a stake in the Indonesian plantation company.