Wilmar to Acquire Remaining Stake in Natural Oleochemicals

Agribusiness company Wilmar International (Singapore) says that its wholly owned subsidiary in Malaysia, PGEO Group has entered into an agreement with the National Land Finance Co-operative Society (Kuala Lumpur) to acquire the remaining 8.62% of Natural Oleochemicals (Natoleo; Pasir Gudang, Malaysia) for a cash consideration of RM42.5 million ($14 million). PGEO had entered into an agreement in July to acquire 91.38% of Natoleo from Kulim (Johor Bahru, Malaysia) for RM450 million. The acquisition of 91.38% interest in Natoleo from Kulim has been completed. The...

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