June 16, 2015 / 7:42 AM / 5 years ago

Malaysia's Felda Global to raise funds to buy stake in Eagle High

KUALA LUMPUR, June 16 (Reuters) - Malaysia’s Felda Global Ventures Holdings Bhd will raise funds to buy a 37 percent stake in Indonesia’s PT Eagle High Plantations for $680 million, CEO Mohd Emir Mavani Abdullah said on Tuesday.

Felda Global, the world’s third-largest palm plantation operator, is considering taking a controlling stake in the Indonesian firm but no decision has been made yet, Mohd Emir added. (Reporting by Al-Zaquan Amer Hamzah and Emily Chow; Writing by Yantoultra Ngui; Editing by Alan Raybould)

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