PALMCO Holdings Bhd will not be acquiring more plantation land in the near future, after it completes the purchase of 23,000ha of plantation estates from the Dutch consumer goods giant Unilever plc.
The Unilever estates in Johor and Sabah which Palmco plans to acquire in Johor and Sabah, are located adjacent to IOI Corp's and seen as sufficient to provide business synergies to Palmco, a 52%-owned subsidiary of IOI Corp.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
![](https://cdn.thestar.com.my/Themes/img/sub_paywall_TSM.png)
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!