Agribusiness group Wilmar International has entered into an agreement to acquire the remaining 8.62% of Malaysian oleochemicals company Natoleo.

The deal is worth MYR42.4m (US$13.5m) and is expected to take place within 90 days. The company is still seeking regulatory approvals from the Ministry of International Trade and Industry.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The move follows Wilmar International’s acquisition of a 91.38% stake in the company on 21 July.

 

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now