Indonesia's Eagle High offers 15% discount to Malaysia's FGV

The 15% discount would mean FGV would be paying around US$578mil (RM2.39bil), compared with the original price tag of US$680mil (RM2.8bil). StarBiz had first reported in November 2015 that FGV was seeking to secure a discount in the price of its 37% stake purchase in the Indonesian planter.

PETALING JAYA: Plantation group Felda Global Ventures Holdings Bhd (FGV) is believed to have been offered up to 15% discount on its planned purchase of PT Eagle High Plantations Tbk despite seeking a higher reduction in the price, according to sources.

The 15% discount would mean FGV would be paying around US$578mil (RM2.39bil), compared with the original price tag of US$680mil (RM2.8bil).