The Business Times
business-time-50

Malaysia Sime Darby says wins EC nod for US$1.74b New Britain Palm Oil buy

google-preferred-sourceAdd BT as a preferred source
Published Wed, Jan 28, 2015 · 08:48 AM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    [KUALA LUMPUR] Malaysia's Sime Darby Bhd, the world's top oil palm planter by land size, said on Wednesday it had obtained the European Commission's approval to buy New Britain Palm Oil Ltd for about US$1.74 billion.

    Sime Darby said in a stock exchange filing the clearance was obtained on Tuesday.

    The company had announced in October the proposed acquisition with a view to adding high yielding plantations that can immediately boost its earnings.

    REUTERS

    Sime DarbyPalm oil

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    DBS filed the bankruptcy application after serving statutory demands to the directors of Autobahn Rent A Car in December 2025.

    Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS

    Tthe Bond franchise has spanned over 60 years, grossing more than US$7 billion at the global box office, making it one of the most successful ever.

    Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise

    The acquisition of Citigroup's retail banking businesses in Indonesia, Malaysia, Thailand and Vietnam has helped double UOB’s customer base across the four markets.

    UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates

    Property-based taxes may have limited room to run – and pushing them further risks hitting the wrong people, observers say.

    In taxing wealth, how far can Singapore push property owners?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More