KUALA LUMPUR: The Sime Darby Group, via plantation arm Sime Darby Plantation Sdn Bhd, has launched a conditional general offer (GO) to acquire all the shares in dual-listed plantation group New Britain Palm Oil Ltd (NBPOL) at £7.15 (RM37.54) per share for a total purchase consideration of £1.07bil (RM5.6bil).
The GO will be subject to Sime Darby receiving a minimum acceptance of 51% of the NBPOL shares, an assurance that the offer will not be contrary to Papua New Guinea’s (PNG) national interest, and meeting the regulatory requirements by the London Stock Exchange (LSE), the Port Moresby Stock Exchange, the PNG government and Bursa Malaysia.