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Felda Investment Corp is expected to take a majority stake in PT Eagle High Plantations under a restructured deal, with parent FGVH reducing its role to an interest of under 10 percent. The original proposal was a 37 percent stake for US$680 million, and the deal is about to be signed.
The deal adds palm plantation acreage in Indonesia but does not add supply in the near term, so its direct price effect on palm oil is limited.
themalaysianreserve.comTMRApr 3, 2017After 67 past neutral trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.1% to +1.3%), and +0.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
