IOI ends JV plan with Irish firm Kerry Group

PETALING JAYA: Plantation giant IOI Corp Bhd has called off a plan to set up a joint venture (JV) with international food company Kerry Group Plc to market specialty lipid for infant nutrition.

Analysts said the abandoned deal, which cost US$25mil when it was announced almost a year ago, would not have a significant impact on IOI’s business, given its limited scope for expansion.