Malaysian palm oil firm Felda pursuing another takeover attempt of FGV - report

Malaysian palm oil firm Felda pursuing another takeover attempt of FGV - report

Today·2021-04-10 13:04

KUALA LUMPUR, April 10 - Malaysia's state-ownedpalm oil company Felda will make another offer to buyout FGVHoldings Bhd, the Edge Weekly reported on Saturday,despite a failed takeover attempt last month.

The Federal Land Development Authority, or Felda, said inMarch that it had only obtained 81% equity interest in FGV - theworld's largest crude palm oil producer - at the end of theoffer deadline.

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