New Britain Palm: Agreement to Supply Oil to Europe
27 June 2013 - 7:55PM
Dow Jones News
LONDON--Palm oil producer New Britain Palm Oil Ltd (NBPO.LN),
Thursday announced an agreement with Olenex C.V.--a joint venture
between Archer Daniels Midland Company or ADM and Wilmar
International Ltd--to supply ADM and Wilmar with palm oil.
MAIN FACTS:
-The agreement between Olenex's parent companies and New Britain
Palm Oil includes the supply of palm oil from New Britain Palm Oil
to Wilmar's Brake facility in Germany, as well as the supply of
palm oil from New Britain Palm Oil's refinery in Liverpool, U.K.,
to ADM's Pura Food Ltd. operations in London.
-New Britain Palm Oil shares at 0916 GMT up 3.0 pence, or 0.5%,
at GBP4.96, valuing the company at GBP741.2 million.
-Write to Nick Kostov at nick.kostov@dowjones.com
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