Felda investment unit, Rajawali likely to ink stake deal soon

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PETALING JAYA: An investment unit of the Federal Land Development Authority (Felda) may sign an agreement for the acquisition of a significant stake in Indonesian planter Eagle High Plantations Tbk.

According to sources, representatives from the Rajawali Group and Felda may be meeting in Jakarta next week for a signing ceremony to conclude the deal, which has been over a year in the making and has undergone several iterations.