Article: Golden Hope buys stake in Saudi Arabian edible oil firm

Golden Hope Plantations Bhd has bought a 40 percent stake in Savola Morocco S.A., a subsidiary of Saudi Arabia's public-listed company Savola Edible Oils Co Ltd, for RM45.8 million it was announced September 15, 2005.

Under the agreement, two joint venture companies will be formed-an Asian company for projects in Asia, southern Africa and Europe, of which Golden Hope will have a 60 percent stake and Savola will hold the remaining 40 per cent.

The second joint-venture company will be in charge of West Asia, northern and western Africa and the equity allocation is ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!