Sime Darby headquarters in Kuala Lumpur. The acquisition of NBPOL will provide a fast-track avenue for the plantation conglomerate to strategically expand its land bank via the PNG planter's 135,000ha of plantation assets
THE Sime Darby Group’s latest acquisition target, New Britain Palm Oil Ltd (NBPOL), has plenty to offer, given its highly-sought-after premium brownfield assets and agri-related businesses in Papua New Guinea (PNG).
With PNG identified as one of the new frontiers for oil palm cultivation, having among the highest yields in the world, securing a controlling stake in NBPOL is coveted by many top regional oil palm planters.
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