Palm oil giant FGV Holdings Bhd. and the Malaysian pilgrims fund are considering selling plantation assets in Indonesia as the government-linked entities seek to improve their financial position, people with knowledge of the matter said.
FGV and Lembaga Tabung Haji are working with an adviser to gauge potential buyer interest in Trurich Resources Sdn., which controls 42,000 hectares (103,800 acres) of oil palm estates in Kalimantan, according to the people. They may seek to value Trurich at as much as $1 billion including debt, the people said, asking not to be identified because the information is private.
