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Wilmar to Acquire Remaining Stake in Natural Oleochemicals

3:45 AM MDT | August 27, 2010 | Deepti Ramesh

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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