Asian Plantations Jumps As It Confirms Takeover Talks With Several Parties

Mon, 03rd Mar 2014 08:13

LONDON (Alliance News) - Asian Plantations Ltd Monday said it is in talks with a number of parties that could lead to a sale of its whole business.

In a statement, the company said it can't be certain an offer will result from the talks.

Over the weekend, The Star newspaper in Malaysia reported that Asian Plantations was in takeover talks with FELDA Global Ventures Holdings Bhd. Asian Plantations didn't say whether FELDA was one of the parties it is in talks with.

Asian Plantations shares were up 7% at 230 pence early Monday, one of the biggest gains on AIM.

By Steve McGrath; stevemcgrath@alliancenews.com; @SteveMcGrath1

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