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 through AEP’s wholly owned subsidiary AEP Nusantara Holdings Ltd, involves purchasing 767.7 million ordinary shares…
LONDON: Anglo-Eastern Plantations Plc, which owns, operates and develops plantations in Indonesia and Malaysia, announced that it has entered into a conditional subscription agreement to acquire Admiral Potential Sdn Bhd, which on completion will own 100% of PT Jaya Jadi Utama (“PT JJU”), an Indonesian plantation company. The Group is acquiring Admiral Potential from CB…
LONDON, UK: M.P. Evans Group, a UK-based company that operates oil-palm plantations in Indonesia and Malaysia, has announced that it has agreed to buy two Indonesian companies that own and manage a total of 8,350 hectares of oil-palm plantations in East Kalimantan, Indonesia, for US$60 million. The two companies, P.T. Agro Bumi Kaltim (ABK) and…