Sime Darby cuts debt with $571m follow-on
The Malaysian company continued an aggressive deleveraging drive with a bumper share sale.
October 05, 2016
Malaysian conglomerate Sime Darby on Thursday made a £1 billion ($1.7 billion) offer for London-listed New Britain Palm Oil, which owns huge swathes of plantation land in Papua New Guinea, and has secured approval from the country's prime minister.
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