FGV to buyout Felda Holdings for RM2.2b


  • Business Premium
  • Saturday, 12 Oct 2013

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) has agreed to buyout Koperasi Permodalan Felda Malaysia Bhd's (KPF) 51% stake in Felda Holdings Bhd for RM2.2bil, or RM19.61 apiece.

The agribusiness giant currently owns 49% of Felda Holdings, while the Ministry of Finance Inc has one golden share. 

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