You are here

Sime offers £1.07b for London-listed PNG firm

Offer is viewed as pricey, but group sees rare opportunity to expand geographically, upstream

BT_20141010_PNSIME10_1312682.jpg
Mr Bakke said there was no reason for Kulim not to take up the offer as Sime had fulfilled all tender conditions while the PNG government intends to keep its 18 per cent stake in NBPOL.

Kuala Lumpur

WITH a letter of support from the Papua New Guinea prime minister in hand, Malaysia's Sime Darby on Thursday launched a £1.07 billion (S$2.2 billion) takeover offer for PNG's New Britain Palm Oil Ltd (NBPOL). The offer is viewed as pricey given the whopping 85 per cent

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom