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Sime Darby Plantations says completed exit from Liberia

Sime Darby Plantations says completed exit from Liberia
Representative Image Image Credit: Pixabay

Malaysia's Sime Darby Plantations, the world's largest oil palm planter by land size, on Thursday said it had completed its exit from Liberia, transferring full ownership of its palm oil concession to a local company.

A Liberian minister first announced in December the planned sale to a subsidiary of the Mano Manufacturing Company (MANCO), Liberia's largest manufacturer of household health and cleaning products after Sime Darby faced subpar financial results due largely to stricter environmental standards.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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