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.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

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 , Century , Logistics , Felda

   

Next In Business News

Ringgit rises on US dollar correction
Bursa Malaysia moves sideways in anticipation of corporate results
Trading ideas: UEM Sunrise, JPG, AWC, Mercury Industries, Trive, EATech, Sapura Energy, Nestcon, IM, MMAG, Manulif, Berjaya, REDtone, CelcomDigi
Oil prices rise nearly 3% on Sverdrup outage, Ukraine war escalation
Nasdaq, S&P close higher as investors await Nvidia earnings
China’s surplus crude oil eased in October, but this is still bearish
Australia to safeguard cash payments
Methane from tropical wetlands surges, threatening climate plans
Trump’s scoreboard is Wall Street’s best hope
Current account surplus set to narrow this year

Others Also Read