The firm listed on the Singapore Exchange said it agreed to establish a joint venture with Nizhny Novgorod Fats and Oils Group (NNFO) and Delta Exports. Wilmar, which owns plantations in Malaysia and Indonesia, will hold a 37.5% stake in the venture in Russia, it said. Trading company Delta already has a partnership with Wilmar in Ukraine and will control 12.5%. NNFO will hold the remaining 50%. It is one of the largest producers of edible fats, vegetable oil, soap and other industrial products in Russia. A final shareholders’ agreement is expected to be signed no later than January. (m&c.com)
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