Buying spree: FGV has proposed to acquire a 37% stake in PT Eagle High Plantations Tbk, Indonesia
FGV’s spending spree, the latest being a move to buy a stake in Eagle High,is making analysts more than a little anxious.
WITHIN a span of three years, Felda Global Ventures Holdings Bhd (FGV) had spent over RM4bil under its mergers and acquisitions (M&As) strategy, which mainly comprised brownfield plantations to fast-track growth expansion and improve its crop age profile.
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