By Jaime Llinares Taboada

 

Equatorial Palm Oil PLC said Thursday that its majority owner KL-Kepong International Ltd. has reduced its stake in the company below 50%.

The London-listed company said KL-Kepong--a subsidiary of Kuala Lumpur Kepong Bhd., a Malaysian oleochemicals producer--reduced its shareholding to 49.08% from 62.86%.

Shares in Equatorial Palm Oil at 0903 GMT were up 0.08 pence, or 7.0%, at 1.15 pence.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

(END) Dow Jones Newswires

September 10, 2020 05:29 ET (09:29 GMT)

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