MARKET DEVELOPMENT
FGV to Meet with NBPOL's Advisors Soon
FGV to Meet with NBPOL's Advisors Soon
26/06/2014 (The Star) - Felda Global Ventures Holdings Bhd (FGV) is seeking to meet with the advisors representing New Britain Palm Oil Ltd (NBPOL) in the soonest possible time.
"We are now discussing first with their - NBPOL advisors. And there will be further discussions soon," said FGV’s group president and CEO Mohd Emir Mavani Abdullah on Wednesday after it’s AGM.
"They have their own schedule in terms of the process of this acquisition. We will follow what the advisors have scheduled for this bidding process," he added.
Emir also said that the talks now are limited to it's planned stake buy of Kulim M Bhd's 49% stake.
However, he did not give an indicative timing on when it will likely be concluded.
"We are now discussing first with their - NBPOL advisors. And there will be further discussions soon," said FGV’s group president and CEO Mohd Emir Mavani Abdullah on Wednesday after it’s AGM.
"They have their own schedule in terms of the process of this acquisition. We will follow what the advisors have scheduled for this bidding process," he added.
Emir also said that the talks now are limited to it's planned stake buy of Kulim M Bhd's 49% stake.
However, he did not give an indicative timing on when it will likely be concluded.