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