Recasts with Golden Agri's affirmation, adjustments dateline
Recasts with Golden Agri’s affirmation, adjustments dateline
LONDON/SINGAPORE, Nov 1 (Reuters) – Palm oil plantation agency Golden Agri-Assets Ltd GAGR.SI stated it has agreed to take over the sugar buying and selling enterprise of worldwide commodities and vitality dealer RCMA Group as a part of its diversification technique.
The takeover builds on Golden Agri’s earlier investments in sugar buying and selling in Europe in 2018 and displays its intention to diversify from being a pure palm participant, the Singapore-listed firm stated in a press release on Friday.
“GAR (Golden Agri) has been on the lookout for alternatives to increase our agricultural buying and selling past palm oil to create a extra various base for our enterprise,” stated Paul Hickman, head of world vegetable oil and oilseeds for Golden Agri.
A Golden Agri spokeswoman stated there have been no monetary particulars to reveal as the corporate was absorbing the RCMA crew and there was no switch of belongings.
RCMA’s sugar…