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.
Already a subscriber? Log in.
Celebrate Merdeka with 50% Off!
T&C applies.
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!
