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Felda eyes RM1b asset sale to repair confidence

Lawmakers, analysts say firm overpaid in purchase of 37% stake in Eagle High Plantations for US$680m

Published Wed, Jul 8, 2015 · 09:50 PM
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Kuala Lumpur

FELDA Global Ventures Holdings Bhd plans to raise more than RM1 billion (S$356 million) selling non-core assets as the world's biggest crude palm oil producer focuses on plantations to repair investor confidence dented by an acquisition.

Unprofitable crushing and refining businesses in the US and Canada that have drawn initial bids ranging from US…

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