PT Rajawali Corpora is still negotiating the sales of 37% shares of PT Eagle High Plantations Tbk (BWPT) to Felda Group. Felda aims to acquire BWPT’s shares this year. The closing of the deal has been postponed several times, raising the speculation that Rajawali had proposed to change the initially proposed price of US$680 million. The Star reported that Felda has no new plan for acquisition or merger for this year.To subscribe please click here
