Malaysia’s Felda Global Ventures Holdings (FGV) plans to buy a third of Indonesia’s PT Eagle High Plantations Tbk in a deal that could be worth RM1 billion (US$267.95 million), The Edge Financial Daily reported today, citing sources.

FGV is in the final stage of talks with Peter Sondakh, whose investment vehicle PT Rajawali Corp owns 65.5 percent of PT Eagle High, said the newspaper.

FGV could not be reached for comment. Shares in the company are suspended from trading today pending a material announcement.

- Reuters