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Broker believes former suitor KLK could have another go at buying the palm oil group
Thursday 31 Aug 2017 Author: James Crux

M.P. Evans (MPE:AIM) has invested in a new Indonesian oil-palm project in East Kalimantan which more than replaces the share of planted land lost through January’s US$100m Agro Muko disposal. The acquisition (29 Aug) brings young palms with strong future crop growth into the M.P. Evans fold and only increases its strategic attractions.

VSA Capital believes former suitor KLK might table another takeover bid for the company once its restrictions are lifted in four months’ time.

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