Mounting criticism for Felda's plan to strike 'expensive' Indonesian palm deal
Add BT as a preferred sourceKuala Lumpur
MALAYSIA'S Federal Land Development Authority (Felda) came under mounting criticism on Tuesday for its plan to purchase a stake in Indonesian palm oil firm PT Eagle High Plantations Tbk in what critics have called an overpriced deal.
The state-owned Felda, which operates some of the world's biggest palm oil plantations, said on Friday it plans to buy a 37 per cent stake in Eagle High for US$505.4 million.
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