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Wilmar to acquire Cargill's edible oil facilities in Kuantan

M&A

Wilmar to acquire Cargill's edible oil facilities in Kuantan

Stanislaus Jude Chan Published on Mon, Nov 20, 2017 / 5:22 PM GMT+8

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SINGAPORE (Nov 20): Wilmar International announced Monday that wholly-owned subsidiary Wilmar Kuantan Edible Oils has entered into an agreement to purchase Cargill Palm Plantation’s edible oil facilities in Kuantan, Malaysia.

The purchase consideration for the edible oil facilities, which include a palm oil refinery and a neighbouring storage facility, was not disclosed.

In a statement on Monday, Wilmar says the sale will be completed upon approval from all relevant authorities and certain conditions being fulfilled. The transfer of ownership is expected to occur by the end of 2018.

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Wilmar to acquire Cargill's edible oil facilities in Kuantan

M&A

Wilmar to acquire Cargill's edible oil facilities in Kuantan

Primary tabs

Error message

Wilmar to acquire Cargill's edible oil facilities in Kuantan

M&A

Wilmar to acquire Cargill's edible oil facilities in Kuantan

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