Malaysia's Sime Darby to sell Liberian plantation to local manufacturer

Malaysia's Sime Darby to sell Liberian plantation to local manufacturer

A Sime Darby Bhd. employee holds a net of harvested oil palm fruit for a photograph at the company's palm oil plantation in Pulau Carey, Selangor, Malaysia, on Wednesday, Feb. 11, 2015. Photographer: Sanjit Das/Bloomberg

Malaysia’s Sime Darby plans to sell its palm oil concession in Liberia to a local manufacturer, a Liberian government minister said on Thursday, following subpar financial results due largely to stricter environmental standards.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter