KUALA LUMPUR: Felda Global Ventures (FGV) Holdings Bhd has completed the sale of its loss-making Canadian subsidiary, and received the cash purchase price of C$172.7mil (RM567.1mil).
The subsidiary, Twin Rivers Technologies Entreprises De Transformation De Graines Oléagineuses Du Québec Inc (TRT-ETGO) was sold to Canadian grain and oilseeds marketer and handler, Viterra Inc as part of FGV’s five-year transformation strategy.
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