M.P. Evans (GB:MPE) has released an update.
M.P. Evans Group PLC, a sustainable palm oil producer, has bolstered its control over its operations by acquiring a 5% minority stake in its Indonesian subsidiaries for $14 million, now holding nearly complete ownership. The purchase, which enhances the Group’s effective plantation area by 4%, was funded from existing cash reserves, leaving the Group with a strong balance sheet and low debt. This strategic move is expected to enhance earnings and support the company’s commitment to delivering progressive shareholder returns.
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