Wilmar Open to Selling 10% Stake in Goodman Fielder
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Wilmar International Ltd., the world’s largest palm oil processor, said it’s open to selling its stake in Goodman Fielder Ltd. after the Australian breadmaker rejected an offer as too low.
Shares in Goodman Fielder, Australia’s largest baker, rose the most on record Feb. 28 after Wilmar said it had paid A$115 million ($120 million) for a tenth of the company and was deciding whether to increase its holding.