Palm oil firm Kuala Lumpur Kepong to buy more than 30% in Boustead Plantations

Palm oil firm Kuala Lumpur Kepong to buy more than 30% in Boustead Plantations

The Petronas Towers peek through palm trees. Kuala Lumpur, Malaysia.

Malaysian palm oil firm Kuala Lumpur Kepong is buying a stake of more than 30% in smaller peer Boustead Plantations from conglomerate Boustead Holdings, local media The Edge and New Straits Times reported on Thursday.