Felda Global stake buy on track, no fallout in Eagle High deal

Report time: Razali (middle) shaking hands with a Felda settlers’ representative after presenting the report. Looking on are Emir (left) and Felda management staff members.

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) has quashed speculation of a fallout in its acquisition of a 37% stake in PT Eagle High Plantations Tbk.

Group president and chief executive officer Datuk Mohd Emir Mavani Abdullah maintained that the due diligence exercise on the Indonesian planter was on track and would likely be concluded by the end of this month.