AEP Plantations Plc acquires 98.3% of PT Pinago Utama Tbk in $162M deal
JAKARTA: AEP Plantations Plc, a Kuala Lumpur-based plantation operator, announced Monday it has acquired a 98.3% stake in Indonesian agribusiness PT Pinago Utama Tbk for approximately $162 million, significantly expanding its palm oil production footprint. The acquisition, completed May 4…