Deal #3079

Land area

Size under contract (leased or purchased area)

[2002] 7495 ha
[2012-12] 10 543 ha
[current] 13 545 ha

Size in operation (production)

[current] 8 614 ha

Comment on land area

3,000ha to be kept for conservation. Company website states contradicting size- 12560ha versus 13,159Ha (conservation area of 4,081Ha). 8,660Ha have been planted to date. Another section in the company website states ''The Ologbo land concession of 13,545 ha include a conservation area of about 4,413 Ha. total planted 8,614 Ha to date.''. HCV reports also have different sizes.

Intention of investment

[current] Agriculture unspecified (9 132 ha)
[current] Conservation (4 413 ha)

Comment on intention of investment

Presco Plc produces specialty fats and oils. The company specializes in the cultivation of oil palm and in the extraction, refining and fractioning of crude oil into finished products.

Nature of the deal

Outright purchase

Negotiation status

[2002, current] Concluded (Contract signed)

Implementation status

[current] In operation (production)