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Business : IOI disposes another 10 pct stake in BLC, equity interest decreases to 20 pct

Bernama LogoBernama1 mo ago

Business : IOI disposes another 10 pct stake in BLC, equity interest decreases to 20 pct

Quick Summary

KUALA LUMPUR, Aug 5 (Bernama) -- IOI Corp Bhd has completed the sale of 1,800 shares, representing its 10 per cent shareholdings in Bunge Loders Croklaan Group B.V.(BLC) to Koninklijke Bunge B.V.(KBBV), for a total of US$84.42 million (US$1=RM4.44) plus €19.72 million (€1=RM4.55).

IOI acquired the entire business of Loders from Unilever Plc and Unilever NV for RM814 million cash in 2002.

However, IOI said that the existing business collaboration between the company and Bunge remains, and both parties will continue to harness the benefits of the existing synergistic partnership in expanding BLC’s business.


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News Analysis

Category: Nation Politics

Topics: Company Business Million Bunge Bernama Share Existing Loders Sale Cent

Source Website Secure: No (HTTP)

Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

News Source URL: bernama.com

Readership Location: Malaysia

Published Date: 2022-08-05, 19:43:04

News Timezone: GMT +8:00

Language: English

Original Article Length: 443 words

Reading Duration: 3 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 1443315

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About Publisher

Name: Bernama

Main Topics: NationPolitics

Official Website: bernama.com

Update Frequency: 56 posts per day

Last Update: 9m ago

Headquarters: Malaysia

Coverage Areas: Malaysia

Publication Owner: Independent Company

Publication Timezone: GMT +8:00

Languages Covered: English

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Publisher ID: #21

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