Malaysia's FGV to buy into Indonesia's Eagle High Plantations

FGV group chief financial officer Ahmad Tifli Mohd Talha(pic) recently said mergers and acquisitions would remain part of the group

PETALING JAYA: Felda Global Ventures Holdings Bhd (FGV) is set to acquire a stake in an Indonesian oil palm company, expanding the group’s plantation assets in the republic, even as it seeks to exit refining business in North America.

Sources told StarBiz that FGV was proposing to purchase a substantial stake in Jakarta Stock Exchange-listed Eagle High Plantations Tbk at 800 rupiah a share.