Deal #1158 Version 51541 Version 51543
Comment on land area
Another source mentions 41000 hectares.
Another source mentions 41000 hectares. A 2019 Grain report states that the concession size is 11,760 hectares with 9,835 hectares under oil palm plantations.
Comment on nature of the deal
Another data source states concession and not outright purchase.
Another data source states concession and not outright purchase.
Comment on negotiation status
From October 1987 – Oct, 1996, a period spanning nine years PPCL was in voluntary liquidation before its creditors agreed to buy the company through a debt equity swap in settlement of outstanding debts owed. Hence, in 1996, a new company came into being called β€œPamol plantations Limited” (PPL), which now took over the assets of PPCL and the creditors became the shareholders. With the introduction of OHADA, its in applicable provisions, Pamol Plantations Limited (PPL) became Pamol Plantations Public Limited Company (PPPlc).
From October 1987 – Oct, 1996, a period spanning nine years PPCL was in voluntary liquidation before its creditors agreed to buy the company through a debt equity swap in settlement of outstanding debts owed. Hence, in 1996, a new company came into being called β€œPamol plantations Limited” (PPL), which now took over the assets of PPCL and the creditors became the shareholders. With the introduction of OHADA, its in applicable provisions, Pamol Plantations Limited (PPL) became Pamol Plantations Public Limited Company (PPPlc).
Fully updated
No
Yes

Data source #rFJX02AZ

File
Type
Research Paper / Policy Report
Url
Keep PDF not public
No
Publication title
Communities in Africa fight back against the land grab for palm oil
Date
2019-09-19