<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 22): Sime Darby Plantation Bhd has confirmed it has made an expression of interest in Indian edible oil firm Ruchi Soya Industries.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>“The discussions are still in a preliminary stage,” executive deputy chairman and managing director Tan Sri Mohd Bakke Salleh said, adding Ruchi Soya has a 19% market share in India.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Speaking at a briefing on the group's second quarter results, Mohd Bakke declined to divulge further details, including whether the group is eyeing a stake or the assets of the vegetable oil firm, currently undergoing bankruptcy proceedings under India’s National Company Law Tribunal.&nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Three global players — Sime Darby Plantation, Indonesia’s Musim Mas and Cargill Archer Daniels Midland — have expressed interest in Ruchi Soya, according to a a report by <em>CNBC.&nbsp;</em></p></div>

<div class=newsTextDataWrapInner><p>Other bidders for Ruchi Soya include Adani Wilmar, Godrej Agrovet and Patanjali &amp; Emami, the report said.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>On another matter, Mohd Bakke said Sime Daby Plantation is still looking for a buyer for a 40%-49% stake in 100%-owned New Britain Palm Oil in Papua New Guinea (PNG), ideally a strategic investor from PNG itself.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>“We have not arrived at any satisfactory conclusions so far,” Mohd Bakke said, adding a deal would only be considered at the right time and for the right price.</p></div>


KUALA LUMPUR (Feb 22): Sime Darby Plantation Bhd has confirmed it has made an expression of interest in Indian edible oil firm Ruchi Soya Industries. 

“The discussions are still in a preliminary stage,” executive deputy chairman and managing director Tan Sri Mohd Bakke Salleh said,...

Sime Darby Plantation confirms interest in Indian firm Ruchi Soya

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