KUALA LUMPUR: Sime Darby Bhd
has launched an offer to buy all of the shares in New Britain Palm Oil Ltd (NBPOL) – which has plantations in Papua New Guinea -- for £1.073bil in a move to expand its plantation business.
The conglomerate said on Thursday its unit Sime Darby Plantation Sdn Bhd “intends to make a cash offer to acquire all the voting shares in NBPOL in accordance with the PNG Takeovers Code 1998”.
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