<div class=newsTextDataWrapInner><p>KUALA LUMPUR: Kuala Lumpur Kepong Bhd (KLK) is buying Emery Oleochemical GmbH’s assets in Germany for €40.5 million (RM162 million) cash. Emery is a unit under Sime Darby Bhd (fundamental: 0.8; valuation: 1.4).</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia yesterday, KLK (fundamental: 1; valuation: 1.1) said it has signed a conditional asset purchase agreement to buy Emery’s plant, tangible assets and inventories.</p></div>

<div class=newsTextDataWrapInner><p>KLK said the transaction would enable the company to “diversify into the tallow-based market”. Tallow is a substance derived from animal fat.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>KLK said the acquisition would also complement its existing fatty acid and glycerine business.</p></div>

<div class=newsTextDataWrapInner><p>The transaction is scheduled for completion by the third quarter of this year.</p></div>

<div class=newsTextDataWrapInner><p>KLK said Emery Oleochemicals (M) Sdn Bhd owns 100% of Emery Oleochemical GmbH via Emery Oleochemicals UK Ltd.</p></div>

<div class=newsTextDataWrapInner><p>Emery Oleochemicals UK is equally owned by Sime Darby Plantation Sdn Bhd and PTT Chemical International Pte Ltd.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily</em>, on May 28, 2015.</p></div>


KUALA LUMPUR: Kuala Lumpur Kepong Bhd (KLK) is buying Emery Oleochemical GmbH’s assets in Germany for €40.5 million (RM162 million) cash. Emery is a unit under Sime Darby Bhd (fundamental: 0.8; valuation: 1.4).

In a filing with Bursa Malaysia yesterday, KLK (fundamental: 1; valuation: 1...

KLK buying Sime’s German oleochemical assets

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<p>Oil advanced while the dollar edged higher in early Asian trading as investors weighed escalating Houthi attacks on Saudi Arabia and the risk of a widening Middle East conflict.&nbsp;Global benchmark Brent crude advanced 0.4% to US$105.10 a barrel</p>


<p>Bond markets are starting to do some of the lifting for central banks around the world by pushing up borrowing costs themselves, potentially reducing the number of benchmark interest-rate hikes needed to get inflation under control.</p>


<p>Bond traders are looking to the latest consumer-price inflation figures and a planned appearance by Federal Reserve Chairman Kevin Warsh for insight into how quickly the central bank will continue raising interest rates.&nbsp;</p>
