KLK offers to acquire MP Evans for RM1.83bil

Strategic merit: Through consistent replanting in Malaysia and past expansions in Indonesia, KLK should see around 15,300ha maturing in 2016 through 2018, representing 9 of the group’s mature hectarage as at end-June 2016.

PETALING JAYA: Kuala Lumpur Kepong Bhd (KLK) is making an RM1.83bil cash offer to acquire MP Evans Group Plc, a British company with huge tracts of oil palm plantation land in Indonesia.

The public offer came after an earlier takeover attempt by KLK was rejected by MP Evans’ board of directors.