By BERNAMA
Felda Global Ventures Holdings Bhd (FGV) has reiterated that discussions for the acquisition of PT Eagle High Plantations (EHP) Tbk is ongoing with Indonesia-based PT Rajawali Corpora.
In a statement, FGV said this was a clarification to previous news reports on teh company acquiring EHP at a premium.
“We urge all parties to avoid speculating on the details or outcome of any transaction or any factors that may impact our business decision,” it said.
Chairman Mohd Isa Abdul Samad had said recently that discussions were expected to be concluded by March.
On June 12, 2015, FGV announced a proposed acquisition of a 37% stake in Eagle High from the Rajawali Group of Indonesia which is controlled by tycoon Peter Sondakh for US$680 million.
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