Wilmar poised to invest up to $3b on acquisitions

Eyeing opportunities in Myanmar, Brazil.

According to Bloomberg's report, Wilmar International Ltd. (WIL), the largest palm-oil trader, has capacity to spend $2 billion to $3 billion on acquisitions and is interested in sugar businesses in Myanmar and Brazil including plantations, mills and refineries.

Wilmar has looked at companies including Indian producer Shree Renuka Sugars Ltd. in recent years without proceeding, Chief Executive Officer Kuok Khoon Hong said today in Singapore.

“We want to be very careful on what we buy,” Kuok said.

Read full report here.

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