Lucrative deal: IOI Loders Croklaan Oils Sdn Bhd plant in Pasir Gudang. The proposed deal will see IOI Corp posting a gain of RM2.5bil.
PETALING JAYA: In a surprise move, IOI Corp Bhd
has entered into a definitive sale and purchase agreement with United States-listed Bunge Ltd to sell a 70% controlling stake in IOI Loders Croklaan Group BV and its related businesses for a total cash consideration of RM3.94bil.
This consists of some 297 million euros (RM1.49bil) plus US$595mil (RM2.5bil), subject to adjustments to be determined at the transation close.
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