Deals
Goodman Fielder Surges After Saying Wilmar Seeking Stake
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Wilmar International Ltd., the world’s largest palm oil trader, bought a 10.1 percent stake in Goodman Fielder Ltd. and is studying whether to acquire more shares in Australia’s biggest baking company.
Wilmar paid A$115 million ($124 million) for the stake in Goodman Fielder, which has a market value of A$1.3 billion, the Singapore-based company said today in a statement. “Wilmar is currently assessing whether to increase its shareholding.”