By Francis Fernandez
Kuala Lumpur: The word “BUMPER” looks like it’s written all over this deal.
Mystock118 was told that the Federal Land Development Authority (Felda)’s investment unit will ink an agreement this week to acquire a large portion of Indonesian planter Eagle High Plantations Tbk.
The agreement runs close to an earlier planned foray by Felda Global Ventures Holdings Bhd (FGV) to buy a 37 per cent stake in Eagle High from Rajawali Group.
Rajawali is controlled by the golf loving billionaire Tan Sri Peter Sondakh.
A year ago, FGV proposed to buy the 37 per cent stake from Sondakh for US$631mil in cash and US$47mil in new FGV shares