Felda Global Ventures (FGV) to acquire SPC Biodiesel in Malaysia

In Malaysia, Felda Global Ventures Holdings (FGV) is in negotiations to acquire SPC Biodiesel, an idle biodiesel plan. However, industry sources indicated that FGV was not the only company looking to acquire the plant, with ballpark figures around USD $10 million. Earlier this year, FGV bought a 100% stake in Pontian United Plantations, which is also close to FGV’s existing plantations around the Lahad Datu region.

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