|
COPYRIGHT 2006 Asia Pulse Pty Ltd
KUALA LUMPUR, Nov 28 Asia Pulse - CIMB Investment Bank Berhad (CIMB) Monday announced a proposal for the merger of Sime Darby Berhad (KLSE:4197), Golden Hope Plantations Berhad (KLSE:1953) and Kumpulan Guthrie Berhad (KLSE:3131) to create the world's largest listed oil palm plantation player with a total market capitalisation of some RM31 billion (US$8.5 billion).
With total plantation land of about 600,000 ha, the proposed merger could result in the new oil palm plantation entity producing some 9 million metric tonnes (MT) of fresh fruit bunches and 2.5 million MT of palm oil, with the latter representing five per cent to six per cent of global production.
The largest ever merger deal in Southeast Asia involves the businesses of eight listed companies in...
Read the full article for free courtesy of your local library.
| 
Bookmark this article
Print this article
Link to this article
Email this article
Digg It!
Add to del.icio.us
RSS
