Deal #1158

Land area

Intended size

24 300 ha

Size under contract (leased or purchased area)

[1933, current] 24300.0 ha

Size in operation (production)

[2014, current] 10100.0 ha

Comment on land area

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.

Intention of investment

[current] Non-food agricultural commodities, Agriculture unspecified

Comment on intention of investment

One source states oil palm and rubber, another source states oil palm only

Nature of the deal

Outright purchase

Comment on nature of the deal

Another data source states concession and not outright purchase.

Negotiation status

[1996, current] Concluded (Contract signed)

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 “Pamol 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).

Implementation status

[1933, current] In operation (production)

Comment on implementation status

Operations already started before under different name

Contract farming

Yes

Not on leased / purchased (out-grower)

Yes

Not on leased area/farmers/households (out-grower)

[current] 6390.0 ha