PPB Oil says Govt won't block merger deal with S'pore refiner


  • Business
  • Thursday, 01 Mar 2007

KUALA LUMPUR: Plantation firm PPB Oil Palms Bhd. said Thursday it is confident Malaysian regulators won't block its US$4.3 billion (euro3.6 billion) merger with Singapore palm oil refiner Wilmar International Ltd. 

"I don't think the government will stop (the deal) but they might impose conditions,'' Oh Siew Nam, executive chairman of PPB Group Bhd. which is the parent of PPB Oil Palms, told reporters. 

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!
   

Next In Business News

Paragon Globe proposes to sell Johor land for RM238.32mil
Axiata, Sinar Mas seek permission for Indonesia telco merger, minister says
Independent auditor raises going concerns about Pharmaniaga
Ringgit ends lower on firmer US dollar index
Artroniq sells Penang property for RM1.8mil
Digital banks will not affect traditional banks in Malaysia
Dufu sees rise in global semiconductor sales and memory sector
MICCI, Penang work together to boost competitiveness in semiconductors, ports, trade
VSTECS appointed as the first Amazon Web Services distributor in Malaysia
Apple’s China iPhone shipments soar 12% in March after discounts

Others Also Read