Malaysia's Felda to take over palm plantation giant FGV

Malaysia's Felda to take over palm plantation giant FGV

A man walks past a welcome signboard outside the Federal Land Development Authority (FELDA) Sungai Tengi Selatan palm oil plantation in Hulu Selangor, about 100 km (62 miles) north of Kuala Lumpur February 22, 2012. REUTERS/Samsul Said/Files

Malaysia’s stateowned Federal Land Development Authority (Felda) on Tuesday said it agreed a deal that will see it increase its stake in palm giant FGV Holdings, with the view to taking full control of the world’s largest crude palm oil producer.