Golden Agri-Resources Ltd acquires the entities of RCMA Group’s sugar business
RCMA Group signs memorandum of understanding with Golden Agri-Resources to transfer RCMA’s Sugar business division.
SINGAPORE
4 November 2019
We are pleased to announce that RCMA Group Pte Ltd (the “Company”) has entered into a memorandum of understanding with Golden Agri-Resources Ltd (“GAR”) for the acquisition of all of the Sugar trading businesses operated by the Company and its subsidiaries (the “Proposed Transfer”) in Brazil, The Netherlands, and Singapore, which includes 100% of the issued and paid-up share capital of RCMA Commodities Do Brasil Importacao E Exportacao Ltda (“RCMA Brazil”).
The Proposed Transfer took effect on 1 November 2019.
The RCMA Group is looking forward to continuing to serve our Singapore customers and suppliers as we enter this exciting new chapter.
“This divestiture, as with the divestiture of the polymer division to Halcyon Agri in 2018, is in line with RCMA Group’s journey of transformation and consolidation from a typical commodity trading house into a diversified group of businesses spanning supply chain, energy, and consumer goods and services as we solidify our platforms for growth.”
About RCMA Group
The RCMA Group is an international commodity and supply chain management company. Founded in 1998, the Group is transforming itself from a typical commodity trading house into a diversified group of businesses spanning supply chain, energy, and consumer goods and services. The Group has several subsidiaries including Jade Energy Holdings Pte Ltd, which was formed from the existing RCMA Energy businesses, and Yelo Enterprises Ltd, which delivers sustainable products from British rapeseed.
For more information please refer to GAR’s media release here: https://goldenagri.com.sg/wp-content/uploads/2019/11/MediaRelease-GAR-RCMA-FINAL.pdf.
To contact us, please email legal@rcma.com.