New Britain Palm Oil’s majority shareholder puts up Sime Darby Berhad

July 31, 2014 |

In the UK, New Britain Palm Oil’s majority shareholder Kulim (Malaysia) Berhad has designated Sime Darby Berhad as its preferred winner for offloading its entire 48.97% stake in the company. The terms of the proposed deal nor whether it would result in a formal takeover. Kulim was forbidden last year by Papua New Guinea’s competition regulator.

 

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