Felda can’t do it alone


Among the suitors is a strategic investment company affiliated with the Tradewinds Group, which is mulling over a stake purchase in FGV. It is believed that there are overtures to FGV on a tie-up with Tradewinds, although it is still at a preliminary stage. This could involve, among others, a stake sale from one of FGV

It needs a capable partner to privatise FGV, say analysts

PETALING JAYA: Felda, the parent company of Felda Global Ventures Holdings Bhd (FGV), would require a capable partner to share the burden of financing should the listed plantation entity be taken private, analysts say.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

Business , fgv , felda , oil

   

Next In Business News

HR challenges in strata property
It looks terrific for terraced houses
Beware the tax
Ringgit to see tight trading amid cautious mode next week
PM Anwar: RM1.24bil potential export to Peru generated
Strained by lack of positive catalysts
Bank Negara allows MDBs and DFIs to issue ringgit bonds
Robust economy to boost banking
Schooling kids on money use
Don’t delay merger control, empower MyCC as the sole regulator

Others Also Read