New Britain Palm: Sime Darby has Aborted Deal to Buy Large Stake
30 September 2014 - 9:52PM
Dow Jones News
LONDON--New Britain Palm Oil Ltd. (NBPO.LN) said Tuesday that
Sime Darby Berhad (4197.KU) has aborted the deal to buy a large
stake in the company from Kulim (Malaysia) Berhad (2003.KU).
Kulim has 48.97% stake in New Britain Palm. The share holder is
now considering another party for the sale of its stake.
Shares of New Britain trading 9% lower at 385 pence.
Write to Tapan Panchal at tapan.panchal@wsj.com
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