MARKET DEVELOPMENT
KLK May Make Cash Offer for Equatorial Palm Oil
KLK May Make Cash Offer for Equatorial Palm Oil
23/10/2013 (StockMarketWire.com) - Equatorial Palm Oil (EPO) revealed earlier this month that it was in discussions with Kuala Lumpur Kepong Berhad (KLK) regarding the funding of its joint venture, Liberian Palm Developments (LPD).
LPD is a joint venture with Biopalm Energy.
The discussions may or may not include an offer for all or part of EP0 and KLK has confirmed that, if it were to make such an offer, the consideration is likely to be solely in cash.
LPD is a joint venture with Biopalm Energy.
The discussions may or may not include an offer for all or part of EP0 and KLK has confirmed that, if it were to make such an offer, the consideration is likely to be solely in cash.