GIC-backed Indonesian palm oil producer Triputra Agro exploring sale options

GIC-backed Indonesian palm oil producer Triputra Agro exploring sale options

A cross section of a palm oil fruit bunch is seen at a Yuzana Group palm oil plantation near Kawthaung, Tanintharyi Region, Myanmar, on Tuesday, Nov. 15, 2016. Palm oil futures have surged 15 percent this year on their way to the biggest annual gain since 2010 on concerns weak output in Malaysia and Indonesia, where trees are still recovering from an El Nino-induced drought, will tighten inventories of the world's most-traded vegetable oil. Photographer: Taylor Weidman/Bloomberg

Owners of PT Triputra Agro Persada, including Singapore’s sovereign wealth fund GIC Pte, are exploring a possible sale of the Indonesian palm oil producer, people with knowledge of the matter said.

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