Can FGV succeed where Kulim has failed in acquiring a major stake in NBPOL.
SPECULATION is rife that Felda Global Ventures Holdings Bhd (FGV) has set its sights to acquire a major stake in London Stock Exchange-listed New Britain Palm Oil Ltd (NBPOL), which has a market capitalisation of about £615.2mil (RM3.34bil).
NBPOL which is based in Papua New Guinea (PNG), has 77,000ha of oil palm plantations in PNG and the Solomon Islands, 12 palm oil mills and one refinery each in PNG and Liverpool. The group is also the largest domestic sugar and beef producer in PNG via its over 7,700ha sugar cane plantations and 9,200ha of grazing pastures as well as a seed production and palm breeding facility.
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