Everyone's heard about this year's biggest initial public
offering, Facebook Inc. But according to the WSJ fewer people have heard of the IPO that's likely to be
the world's second-largest this year: a $3.2 billion deal involving a Malaysian
government-owned palm-oil business.
The listing of Felda Global Ventures Holdings Bhd. aims to
create a new global powerhouse in the lucrative business of palm oil, an
ingredient in a wide range of goods, including lipstick, potato chips and
biodiesel fuel. Palm-oil demand rose an average of 7.5% a year between 1991 and
2011, according to consulting firm Frost & Sullivan, and is expected to
keep on ….
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