MALAYSIA: Unilever to sell oil palm plantations
Restructuring at Anglo-Dutch food and consumer products company Unilever has led to the decision to sell off all its Malaysian oil palm estates, which total 21,700ha. Private bidding for the plantations, which will be expected to fetch over RM500m (US$132m), begins next week. Interested companies may include PPB Oil Palms, Golden Hope Plantations and Sime Darby.
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