Sime Plantation board okays sale of Liberian ops

Sime Darby Plantation said the divestment was part of its current asset monetisation exercise, which includes selling underperforming assets or assets that have achieved its full value potential for disposal.

KUALA LUMPUR: Sime Darby Plantation Bhd's (SDP) board of directors has approved the divestment of the entire 100% stake in Sime Darby Plantation Liberia Inc. (SDPL) to Mano Palm Oil Industries (MPOI).

SDP said on Friday this decision was part of its current asset monetisation exercise, which includes the divestment of underperforming assets or assets that have achieved its full value potential for disposal.