FGV scouting for logistics company to acquire


FELDA Global Ventures Holdings Bhd (FGV), the world’s largest palm oil producer, is exploring more options to unlock value and monetise its transport and logistics division, say sources.

Since last year, rumour has been rife that FGV was looking to acquire a substantial stake in logistics company Century Logistics Holdings Bhd. The reason for this was because FGV wanted to inject its own transport and logistics division into a listed entity to create more efficiencies and scale.

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Business , Century , Logistics , Felda

   

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