AEP Plantations PLC - Completion of Acquisition
AEP Plantations Plc
("AEP" or the "Company")
Completion of the Acquisition of PT
AEP Plantations Plc, which owns, operates and develops plantations in
PT JJU holds 7,169 hectares of HGU (Right to Cultivate) in
The acquisition is expected to deliver a number of strategic benefits to the Group:
· Proximity to existing operations - PT JJU's concession borders the Group's estate under
· Strengthening FFB supply for the KAP mill - The existing planted area, together with future plantings at PT JJU, will provide a valuable source of fresh fruit bunches ("FFB") for the new KAP mill, supporting higher utilisation and improved efficiency as volumes increase.
· Future growth potential - The acquisition provides room for further expansion at a time when the KAP estate, comprising approximately 8,000 hectares (including plasma), is fully planted. Development of the PT JJU concession is expected to enhance the Group's long-term production capacity.
Commenting,
"The acquisition of PT JJU represents another important step in our growth strategy adding feedstock to our new mill in adjacent acreage and making a meaningful contribution to our future potential."
For further enquiry, contact:
|
AEP Plantations Plc |
+44 (0) 20 7216 4621 |
|
Marcus Chan Jau Chwen, Executive Director (Corporate Affairs) |
|
|
Kevin Wong Tack Wee, Group Chief Executive Officer |
|
|
|
|
|
Montfort Communications Limited - Financial PR |
|
|
Ann-marie Wilkinson, Shireen Farhana |
|
|
|
|
|
Cavendish Capital Markets Limited - Financial Adviser and Broker |
+44 (0) 20 7220 0500 |
|
Matt Goode, George Lawson, Trisyia Jamaludin (Corporate Finance) |
|
|
Will Smith, Harriet Ward (Corporate Broking) |
|
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Proactive Investors is a publisher of financial news and information. No content in this record, or published on the Proactive Investors website (the "Site"), constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. No content is tailored to any specific person's needs, objectives, or financial situation.
Proactive Investors is not a registered investment adviser or broker-dealer and does not provide personalized investment advice. Nothing in this record constitutes investment advice or a recommendation to buy, hold, or sell any security. None of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value, or suitability of any particular security, portfolio, transaction, or investment strategy. Any decision to buy, sell, or hold a security should be made only after consulting an appropriately qualified, licensed financial adviser and reading all relevant offering documentation.
This record, and any record we publish by or on behalf of our clients, should not be construed as an offer or solicitation to buy or sell any product or security. Our content is independent financial journalism, produced in a neutral, objective style with full source attribution.
In accordance with the Federal Trade Commission's guidelines on material connections, Proactive Investors discloses the following: we may receive cash or, in some cases, equity compensation from companies whose news is distributed through our platform. This compensation is for news distribution and media services, not for editorial content or coverage decisions. Where Proactive Investors has a commercial relationship with a company covered in this record, that relationship is disclosed within the article. Any such relationship does not determine, influence, or shape the editorial content produced. Where we receive equity compensation, such securities are held independently by a third-party broker and sold at the broker's discretion.
The Site may contain opinions from time to time regarding securities mentioned in other products, including company-related products, and those opinions may differ from those obtained through another Proactive Investors product. Opinions and commentary reflect the views of the named author at the time of writing and are subject to change without notice.
Price and other data is supplied by sources believed to be reliable. Any calculations are made using such data. Neither the data nor the calculations are guaranteed by those sources, by Proactive Investors, by the information providers, or by any other person or entity, and may not be complete or accurate.
From time to time, reference may be made in our marketing materials to previously published articles or opinions. Such references may be selective, may reference only a portion of an article, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.
FOR OUR FULL DISCLAIMER CLICK HERE