THE government will sell at least RM1.5bil of shares in Felda Holdings Bhd, creating the world's biggest publicly traded oil palm planter, bankers involved in the transaction said.
It would offer at least 20% of the company to investors, completing the sale early next year, said the bankers, who asked not to be identified. The sale will help the government trim its 2004 budget deficit to RM13.4bil, the smallest in five years.
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