KUALA LUMPUR: PPB Group Bhd today confirmed it is not in talks with FGV Holdings Bhd on the acquisition of stakes in MSM Malaysia Holdings Bhd.
“FGV is seeking an investor or partner. I can confirm that PPB is not in discussions with FGV.
“I think it’s more appropriate for you to check with FGV, who they talking to,“ PPB Group managing director, Lim Soon Hua told media and analyst briefing here, today.
It was reported that FGV is in discussions to dispose of a 51 per cent stake in MSM, with a few local and international parties including PPB Group’s 18.5 per cent associate Wilmar International Ltd, which is owned by Kuok Group. - Bernama
source https://www.thesundaily.my/business/ppb-not-in-talks-with-fgv-on-msm-acquisition-MB1333680
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