Plantation M&A value to hit RM2bil

Sime Darby Plantation is believed to be targeting to sell over RM1bil worth of land and more RM500mil in non-core, non-strategic assets between 2020 to 2021 to pare down its borrowings.

PETALING JAYA: Merger and acquisition (M&A) activities among local plantation companies could touch RM2bil this year compared with some RM1bil a year earlier, say industry experts.

This is in particular for M&As related to brownfield plantations in Malaysia and Indonesia, which are expected to remain robust as more local planters opt for the organic expansion growth mode.