The Federal Land Development Authority (Felda) has confirmed the dispatch of offer documents relating to its plan to privatise FGV Holdings Bhd, with the offer period scheduled to close at 5pm on Monday, 7 July 2025, unless extended.
In a formal filing with Bursa Malaysia, Felda stated that the offer — facilitated through Maybank Investment Bank Bhd (Maybank IB) — will remain open for acceptance until the designated closing date, or any later date to be determined and announced by Maybank IB on Felda’s behalf.
This offer is part of Felda’s unconditional voluntary takeover bid to acquire all remaining FGV shares at RM1.30 per share. As of the latest disclosure, Felda, together with its wholly-owned subsidiary Felda Holdings Co Sdn Bhd, collectively holds an 82.34% equity interest in FGV.
Despite this substantial shareholding, Felda noted that it currently exercises limited influence over the management of FGV, citing the absence of control over the board of directors. The agency has expressed its intention to optimise synergies within the group following successful privatisation.
“Upon successful privatisation, Felda will be better positioned to enhance FGV Group’s operational and financial efficiencies by streamlining its upstream and downstream plantation operations,” the agency said.
-Bernama
