FGV may raise Felda Holdings stake


KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) is in talks to optimise and possibly raise its 49% stake in Felda Holdings Bhd (FHB), the world’s No. 1 crude palm oil (CPO) producer by volume, according to president and CEO Mohd Emir Mavani Abdullah.

“We hope to streamline operations between FGV and FHB. The shareholding structure may be reorganised. Some of the assets are better off with FGV,” he told StarBiz in an interview yesterday.

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