Deals
Palm-Oil Billionaires Acquire London Tower for $473 Million
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Kuok Khoon Hong and Martua Sitorus, the billionaire founders of the world’s largest palm oil processor, bought Aviva Plc’s headquarters building in London for 288 million pounds ($473 million).
The purchase is a private investment and separate from Singapore-based Wilmar International Ltd., the $27.5 billion agricultural business Kuok and Sitorus founded 20 years ago, Elaine Lim, managing director at Wilmar’s external public relations firm, Citigate Dewe Rogerson, said by e-mail.