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Malaysia's Felda to buy 37% stake in Indonesia palm oil firm Eagle High Plantations

Investment will give it access to over 320,000 hectares of land in country

Published Fri, Dec 23, 2016 · 09:50 PM
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Kuala Lumpur

MALAYSIA'S state-owned Federal Land Development Authority (Felda) has agreed to buy a 37 per cent stake in Rajawali Group's PT Eagle High Plantations Tbk, one of Indonesia's largest palm oil companies, for US$505.4 million.

The acquisition plan comes a year after Felda's main listed unit Felda Global Ventures Holdings Bhd (FGV) scrapped a plan to buy a si…

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