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Palm oil giant prepares for second-largest IPO of 2012

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Publication Date: 
June 14, 2012
News Source: 
Mongabay

 Felda Global Ventures Holdings Bhd. is readying a $3.2 billion public offering to fund expansion of its palm oil business, reports The Wall Street Journal.

In listing its shares June 28, the Malaysian state-owned palm oil behemoth aims to cash in on a global palm oil boom, which has seen oil palm plantations crop up outside strongholds in Malaysia and Indonesia. Felda, which has 323,587 hectares of plantations making it the third largest palm oil company after Malaysia-based Sime Darby and Singapore-based Golden Agri-Resources, already has holdings overseas.
 
Read the full story from Mongabay here

 

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