Sunday, May 21, 2017

FGV, Felda Investment joins buy Eagle High Plantation share

Malaysia’s Kuala Lumpur-listed Felda Global Ventures Holdings (FGV) Bhd may take less than 10 percent in PT Eagle High Plantations Tbk (IDX: BWPT), with the remaining stake bought by Felda Investment, a unit of Felda Group, Reuters reported. Managing Director of Rajawali Corpora Darjoto Setyawan, said the restructured deal still under discussion. Last month, Felda Global said it needed to rethink its planned purchase of 37 percent of Eagle High for $680 million after its shareholders criticised the deal as too expensive.Felda Global did not provide immediate comment.