KLK buying German company for RM162mil


KUALA LUMPUR: Kuala Lumpur Kepong Bhd (KLK) is acquiring Emery Oleochemicals GmbH’s oleochemicals assets and business in Düsseldorf, Germany for 40.5 million euros (RM162mil) cash.

The plantation company said its wholly-owned subsidiary, KLK Emmerich GmbH had entered into a conditional asset purchase agreement to acquire Emery’s oleochemicals assets and business.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , KLK , German , company , Emery Oleochemicals , stocks , shares ,

   

Next In Business News

Grandtech Cloud Services welcomes Justin Tiew Senn as new APAC vice president
UOB posts small drop in quarterly profit, confident of maintaining key margin level
Singapore's MAS asks DBS to identify reasons for disruptions, The Strait Times reports
Ringgit opens lower against US$ amid Middle East tensions
CTOS prospects remain bright despite court ruling
FBM KLCI stays firm, but profit-taking pressures mount
S&P, Dow extend closing streaks despite Disney drag
Trading ideas: Sime Plantation, Sapura Energy, Power Root, OCK, Pekat, Yinson, Mobilia, Siab, Ireka
Loan growth of 7% for CIMB
Semiconductor industry offers chance for growth

Others Also Read