Indonesia's Rajawali to maintain 2.55% stake in Felda Global Ventures


PETALING JAYA: The Rajawali Group has no immediate plans to seek a bigger stake in Felda Global Ventures Holdings Bhd (FGV), even as the two companies plan to complete a deal by August,

Earlier this month, FGV had proposed to buy a 37% stake in Rajawali’s PT Eagle High Plantations Tbk for cash and shares in a deal worth US$680mil (RM2.5bil).

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 , FGV , 5222 , Rajawali , stocks , shares , klci , klse , palm oil , oil palm ,

   

Next In Business News

Paragon Globe proposes to sell Johor land for RM238.32mil
Axiata, Sinar Mas seek permission for Indonesia telco merger, minister says
Independent auditor raises going concerns about Pharmaniaga
Ringgit ends lower on firmer US dollar index
Artroniq sells Penang property for RM1.8mil
Digital banks will not affect traditional banks in Malaysia
Dufu sees rise in global semiconductor sales and memory sector
MICCI, Penang work together to boost competitiveness in semiconductors, ports, trade
VSTECS appointed as the first Amazon Web Services distributor in Malaysia
Apple’s China iPhone shipments soar 12% in March after discounts

Others Also Read