PETALING JAYA: Merger and acquisition (M&A) activities among local plantation companies continue to remain robust this year.
This is despite the plantation industry suffering its lowest profitability per hectare in 18 years, said Maybank IB Research.
Among the key M&A developments so far include the proposed privatisation of Kwantas Corp Bhd
, the proposal by Kuala Lumpur Kepong Bhd to acquire 10,816ha of planted oil palm estates from TSH Resources Bhd for US$110mil (RM459mil) cash and Sime Darby Plantation Bhd’s disposal of 170ha of land for RM159mil cash in the second quarter of 2020.
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