Felda Global explains why it cannot do Indonesian Eagle deal alone

PETALING JAYA: The proposed acquisition of a 37% stake in Indonesia’s PT Eagle High Plantations Tbk had to be reviewed due to lower crude palm oil (CPO) prices and weaker ringgit higher, says Felda Global Ventures Holdings Bhd (FGV).

“These factors have made it necessary to review the existing transaction framework in order to extract the best value for all parties involved,” the group explained in a reply to StarBiz.