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. 

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , Business , FGV


Next In Business News

Asian shares tick up, U.S. and European futures diverge on Omicron jitters Premium
Bank Negara and all banks in KL to remain open on Dec 3 Premium
MyPay partners Pusat Pungutan Zakat-MAIWP for cashless zakat payments Premium
FBM KLCI stays subdued amid growing headwinds Premium
China's Kaisa struggles for relief from bond holders as default risk looms Premium
China property market to keep cooling into H1 2022 on tight curbs Premium
IATA: Global air cargo demand up 9.4% in October Premium
Ringgit retreats further against greenback at opening Premium
Macroeconomic headwinds continue to blow for Bursa Premium
More weakness on Bursa Malaysia as Omicron fears grow Premium

Others Also Read