FELDA Global Venture Holdings Bhd (FGV), which was reportedly looking to outbid Sime Darby Bhd for a takeover of New Britain Palm Oil Ltd (NBPOL) is now becoming increasingly lukewarm to that idea, sources say.
That development is not surprising, considering current market conditions and a subdued crude palm oil (CPO) price outlook.
Already a subscriber? Log in.
Celebrate Merdeka with 50% Off!
T&C applies.
![](https://cdn.thestar.com.my/Themes/img/sub_paywall_TSM.webp)
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!