It did not give a reason. Shares of Sime Darby fell 0. As such, it was estimated that the proposed acquisition would have cost Sime Darby between RM4. However, a source close to the discussions said he does not rule out the possibility of Sime Darby relooking at the acquisition in the future.

But any deal will be done on a willing buyer, willing seller basis. If the price is right and the deal can create value for the company, why not [pursue it again]? FGV was the first to express interest in acquiring the NBPOL stake from Kulim. Even though Sime Darby had been selected as the preferred party to negotiate for the proposed acquisition, FGV reportedly remained interested in the London-listed firm and that once the day exclusivity agreement had lapsed, there was nothing to stop other bidders from emerging.

CIMB Research regional head of plantations Ivy Ng Lee Fang does not expect the latest outcome to impact Sime Darby. Ng, however, noted that Papua New Guinea PNG is a tough market to enter sime darby market share as such, the proposed acquisition would have allowed Sime Darby to expand its palm oil business into PNG and marginally lower the age profile simple typing jobs from home without investment in chennai its overall palm oil estates.

SIME Share Price: SIME DARBY BERHAD ()

NBPOL produces palm oil exclusively in PNG stock market crash oct 29 1929 the Solomon Islands.

It has 77,ha of oil palm plantation, 12 palm oil mills and one refinery each in PNG and Liverpool in the United Kingdom. The group is also the largest sugar and beef producer in PNG through its over 7,ha of sugar cane plantations and 9,ha of pastures.

It also has seed production and palm breeding facilities.

Ways to search theedgemarkets. Evening 5 Talking Edge Behind The Story JustSaying UPSTART Friday Takeaway News. Politics and Government Automotive Technology Aviation. Sime not proceeding with acquisition of NBPOL.

Sime Darby Market Cap (SMEBF)

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