Cargill to Buy Palm Oil Plant

(KPB PTPN ) - U.S. commodity trading giant Cargill is in talks to buy a Malaysian-based palm oil refinery for about $65.7 million, a newspaper reported Wednesday.
Minneapolis-based Cargill already owns two refineries in Malaysia and opened talks to buy Intercontinental Specialty Fats Sdn. Bhd., nine months ago, the New Straits Times said, quoting unidentified sources. Cargill or Intercontinental officials were not immediately available to confirm the report. (Cargill Juice North America Inc., a juice processor based in Frostproof, employs about 150 people year-round.)

Source : http://www.theledger.com
Published Thursday, August 11, 2005