Singapore based Wilmar International Limited, one of Asia's largest
integrated agribusiness groups, has announced plans to merge with the Kuok
Group's palm plantation, edible oils, grains and related businesses in a deal
worth up to US$2.7 billion (S$4.1 billion).
In a separate transaction, Wilmar will also acquire the edible oils, grains
and related businesses of its parent company, Wilmar Holdings Pte Ltd, (WHPL)
including interests held by Archer Daniels Midland Asia Pacific and its
subsidiaries in these businesses for US$1.6 billion (S$2.5
Asia's leading agribusiness group
completion of the merger and restructuring, Wilmar will become Asia's leading
agribusiness group. The merged entity will have a significant presence in the
processing and merchandising of palm and laurics oil in Malaysia and Indonesia.
In China, one of the world's fastest growing economies, it will have a major
presence in the processing and merchandising of agriculture
About Wilmar International Limited
Wilmar is one of
Asia's largest integrated agribusiness groups and one of Asia's largest palm oil
refiners and crushers of palm kernel and copra. It has established a fully
integrated agribusiness model that captures the entire value chain of the palm
oil business, from the cultivation and sourcing of palm fruits and crude palm
oil to the milling, crushing, refining and processing of a wide range of palm
and lauric oils, to the merchandising, transportation and distribution of these
Wilmar owns 18 refining plants with a total capacity of 5.4
million metric tonnes per annum. It is also a sizeable oil palm plantation owner
with a total of 210,000 hectares in Indonesia, of which approximately 64,700
hectares are planted at end September 2006. It also plans to be a leader in the
palm biodiesel industry with a total capacity of 1,050,000 metric tonnes per
annum, to be completed in 2007.
More details and company information can be found on the Wilmar
website and in the official press release. Recently three other large palm oil companies decided to form one
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