[ad_1] The Adani Group’s reported decision to exit its joint venture with the Singapore-based Wilmar Group marks a definitive inflection point in the history of India’s fastest-growing conglomerate. The Adani…
Tag: Wilmar
Singapore’s Wilmar third-quarter profit slumps as lower palm oil prices hurt
[ad_1] (Reuters) -Singapore’s Wilmar International posted a decline in third-quarter earnings on Thursday, as lower refining margins from its tropical oils business and weaker performance at its fertiliser operations offset…
PPB to dispose of 51% stake in PT Pundi for RM87.5mil cash
[ad_1] KUALA LUMPUR: PPB Group Bhd has proposed to dispose of 51% equity interest in PT Pundi Kencana for RM87.5mil cash. In a filing with Bursa Malaysia, it said Mantap…
India’s Adani Group ‘mulls Adani Wilmar joint venture exit’
[ad_1] Fortune Vivo cooking oil on sale in a hypermarket in New Delhi, India, 7 January 2020. Credit: PradeepGaurs / Shutterstock.com Adani Group is reportedly considering selling its stake in…
Adani Enterprises weighs exiting $6 billion Wilmar venture
[ad_1] Adani Enterprises Ltd. is exploring selling its stake in its Mumbai-listed consumer-staple joint venture with Wilmar International Ltd., freeing up capital for their core business, according to people familiar…
Wilmar International sells stake in sugar business Cosumar, strikes two other deals
[ad_1] Singapore’s Wilmar International is selling its minority interest in Moroccan sugar processor Cosumar. The Singapore-listed agri-food major said the 30% stake will be purchased by “several Moroccan investors” for…
Singapore’s Wilmar quarterly profit falls on Adani JV stake dilution
[ad_1] News Business Companies Singapore’s Wilmar quarterly profit falls on Adani JV stake dilution Adani Wilmar is a joint venture between Adani Group, chaired by Indian billionaire Gautam Adani, and…