ADVERTISEMENT

Sime Darby Plantation looking to cut stake in NBOL


Sime Darby Plantation executive deputy chairman Tan Sri Mohd Bakke Salleh said the company would prefer that it would be a strategic investor in Papua New Guinea.

Sime Darby Plantation executive deputy chairman Tan Sri Mohd Bakke Salleh said the company would prefer that it would be a strategic investor in Papua New Guinea.

KUALA LUMPUR: Sime Darby Plantation Bhd plans to reduce its stake in its 100% owned New Britain Palm Oil (NBOL) to between 51% and 60% – three years after taking full control of the Papua New Guinea company.

Sime Darby Plantation had been approached by several funds but it had not made any decision as yet.

Corporate News , Plantations

   

ADVERTISEMENT