19/05/2012 (LDPBusiness) - New Britain Palm Oil has completed the acquisition of the remaining stakes in a palm oil concern based in Papua New Guinea.

The producer of sustainable palm oil, which has a refining, baking and packing plant on Regent Road in Liverpool’s docks complex, has almost 100,000 hectares of estates in Papua New Guinea dedicated to the production of palm oil.

Its sourcing techniques are designed to have minimal impact on indigenous populations, wildlife and ecosystems.

It announced plans for the purchase of remaining stakes in two companies in January, requiring shareholder approval to issue up to 7.25m new shares to fund the deals.

In April it completed the acquisition of the remaining 20% stake in Kula Palm Oil from the Independent Public Business Corporation of Papua New Guinea.