{"id":23063,"date":"2025-06-19T18:32:56","date_gmt":"2025-06-19T14:32:56","guid":{"rendered":"https:\/\/gbc1.net\/?p=23063"},"modified":"2025-11-26T17:59:23","modified_gmt":"2025-11-26T13:59:23","slug":"wilmar-buys-out-cussonss-share-for-70m-to-secure-sole-ownership-in-pz-wilmar","status":"publish","type":"post","link":"https:\/\/gbc1.net\/index.php\/2025\/06\/19\/wilmar-buys-out-cussonss-share-for-70m-to-secure-sole-ownership-in-pz-wilmar\/","title":{"rendered":"Wilmar Buys Out Cussons&#8217;s Share for $70M to Secure Sole Ownership in PZ Wilmar"},"content":{"rendered":"\n<p>On 18 June 2025, <a href=\"http:\/\/www.wilmar-international.com\" target=\"_blank\" rel=\"noreferrer noopener\">Wilmar International<\/a> (<a href=\"https:\/\/investors.sgx.com\/market\/securities?code=F34\" target=\"_blank\" rel=\"noreferrer noopener\">SGX: F34<\/a>) announced that it plans to buy out PZ Cussons&#8217;s 50% shares for USD 70 million to become the sole owner of PZ Wilmar.  In 2010, Wilmar and <a href=\"http:\/\/www.pzcussons.com\" target=\"_blank\" rel=\"noreferrer noopener\">PZ Cussons<\/a> (<a href=\"https:\/\/www.londonstockexchange.com\/stock\/PZC\/pz-cussons-plc\/company-page\" target=\"_blank\" rel=\"noreferrer noopener\">LSE: PZC<\/a>) formed a 50\/50 JV palm oil company in Nigeria known as PZ Wilmar. As usual, the transaction is subject to regulatory approval and is expected to close by the end of 2025.<\/p>\n\n\n\n<p>Upon completion, Singaporean firm Wilmar will own a 100% stake in PZ Wilmar in Nigeria. PZ Wilmar is the market leader in edible palm oil in the Nigerian market, with household brands such as Mamador and Devon King&#8217;s. Upon completion, Singaporean firm Wilmar will own a 100% stake in PZ Wilmar in Nigeria. PZ Wilmar is the market leader in edible palm oil in the Nigerian market with popular household brands such as Mamador and Devon King.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>&#8220;We&nbsp;would like to thank PZ Cussons for their cooperation and support since inception of this joint&nbsp;venture in 2010, which has contributed to its success and leading market position in Nigeria.&#8221;<\/p>\n<cite>Wilmar Chairman &amp; CEO, Mr KUOK Khoon Hong<\/cite><\/blockquote>\n\n\n\n<p>In addition to oil extraction and refining, PZ Wilmar has stakes in palm plantations as well. Thus, PZ Wilmar is vertically integrated and can provide tracking from tree to table.<\/p>\n\n\n\n<p>With a population of more than 200 million, Nigeria offers a significant market for agribusiness, but at the same time poses a major challenge for <a href=\"https:\/\/gbc1.net\/index.php\/tag\/foodsecurity\/\">#FoodSecurity<\/a>. Wilmar\u2019s&nbsp;strategy is to develop the upstream palm plantation and downstream value addition (<a href=\"https:\/\/gbc1.net\/index.php\/tag\/lva\/\">#LVA<\/a>) in&nbsp;Nigeria.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 18 June 2025, Wilmar International (SGX: F34) announced that it plans to buy out PZ Cussons&#8217;s 50% shares for<\/p>\n","protected":false},"author":1,"featured_media":23068,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_mi_skip_tracking":false,"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":0,"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":""},"categories":[6],"tags":[54,33],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Wilmar Buys Out Cussons&#039;s Share for $70M to Secure Sole Ownership in PZ Wilmar<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gbc1.net\/index.php\/2025\/06\/19\/wilmar-buys-out-cussonss-share-for-70m-to-secure-sole-ownership-in-pz-wilmar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wilmar Buys Out Cussons&#039;s Share for $70M to Secure Sole Ownership in PZ Wilmar\" \/>\n<meta property=\"og:description\" content=\"On 18 June 2025, Wilmar International (SGX: F34) announced that it plans to buy out PZ Cussons&#8217;s 50% shares for\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gbc1.net\/index.php\/2025\/06\/19\/wilmar-buys-out-cussonss-share-for-70m-to-secure-sole-ownership-in-pz-wilmar\/\" \/>\n<meta property=\"og:site_name\" content=\"Global Business Council (GBC)\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-19T14:32:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-26T13:59:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gbc1.net\/wp-content\/uploads\/2025\/06\/Wilmar-00w-jpg.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"gbc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"gbc\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/gbc1.net\/index.php\/2025\/06\/19\/wilmar-buys-out-cussonss-share-for-70m-to-secure-sole-ownership-in-pz-wilmar\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/gbc1.net\/index.php\/2025\/06\/19\/wilmar-buys-out-cussonss-share-for-70m-to-secure-sole-ownership-in-pz-wilmar\/\"},\"author\":{\"name\":\"gbc\",\"@id\":\"https:\/\/gbc1.net\/#\/schema\/person\/cab6d6e84e5294af65e6aa76c5752fad\"},\"headline\":\"Wilmar Buys Out Cussons&#8217;s Share for $70M to Secure Sole Ownership in PZ Wilmar\",\"datePublished\":\"2025-06-19T14:32:56+00:00\",\"dateModified\":\"2025-11-26T13:59:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/gbc1.net\/index.php\/2025\/06\/19\/wilmar-buys-out-cussonss-share-for-70m-to-secure-sole-ownership-in-pz-wilmar\/\"},\"wordCount\":268,\"publisher\":{\"@id\":\"https:\/\/gbc1.net\/#organization\"},\"keywords\":[\"FoodSecurity\",\"LVA\"],\"articleSection\":[\"Agribusiness\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gbc1.net\/index.php\/2025\/06\/19\/wilmar-buys-out-cussonss-share-for-70m-to-secure-sole-ownership-in-pz-wilmar\/\",\"url\":\"https:\/\/gbc1.net\/index.php\/2025\/06\/19\/wilmar-buys-out-cussonss-share-for-70m-to-secure-sole-ownership-in-pz-wilmar\/\",\"name\":\"Wilmar Buys Out Cussons's Share for $70M to Secure Sole Ownership in PZ Wilmar\",\"isPartOf\":{\"@id\":\"https:\/\/gbc1.net\/#website\"},\"datePublished\":\"2025-06-19T14:32:56+00:00\",\"dateModified\":\"2025-11-26T13:59:23+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/gbc1.net\/index.php\/2025\/06\/19\/wilmar-buys-out-cussonss-share-for-70m-to-secure-sole-ownership-in-pz-wilmar\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gbc1.net\/index.php\/2025\/06\/19\/wilmar-buys-out-cussonss-share-for-70m-to-secure-sole-ownership-in-pz-wilmar\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/gbc1.net\/index.php\/2025\/06\/19\/wilmar-buys-out-cussonss-share-for-70m-to-secure-sole-ownership-in-pz-wilmar\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/gbc1.net\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Wilmar Buys Out Cussons&#8217;s Share for $70M to Secure Sole Ownership in PZ Wilmar\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gbc1.net\/#website\",\"url\":\"https:\/\/gbc1.net\/\",\"name\":\"Global Business Council (GBC)\",\"description\":\"Connecting ... Dots\",\"publisher\":{\"@id\":\"https:\/\/gbc1.net\/#organization\"},\"alternateName\":\"GBC\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/gbc1.net\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/gbc1.net\/#organization\",\"name\":\"Global Business Council (GBC)\",\"alternateName\":\"GBC\",\"url\":\"https:\/\/gbc1.net\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/gbc1.net\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/gbc1.net\/wp-content\/uploads\/2023\/07\/GBC.png\",\"contentUrl\":\"https:\/\/gbc1.net\/wp-content\/uploads\/2023\/07\/GBC.png\",\"width\":1200,\"height\":200,\"caption\":\"Global Business Council (GBC)\"},\"image\":{\"@id\":\"https:\/\/gbc1.net\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.linkedin.com\/company\/globiznet\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/gbc1.net\/#\/schema\/person\/cab6d6e84e5294af65e6aa76c5752fad\",\"name\":\"gbc\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/gbc1.net\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d885239a5c83809eb00f912fef7d8048?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d885239a5c83809eb00f912fef7d8048?s=96&d=mm&r=g\",\"caption\":\"gbc\"},\"sameAs\":[\"https:\/\/gbc1.net\"],\"url\":\"https:\/\/gbc1.net\/index.php\/author\/gbc\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Wilmar Buys Out Cussons's Share for $70M to Secure Sole Ownership in PZ Wilmar","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/gbc1.net\/index.php\/2025\/06\/19\/wilmar-buys-out-cussonss-share-for-70m-to-secure-sole-ownership-in-pz-wilmar\/","og_locale":"en_US","og_type":"article","og_title":"Wilmar Buys Out Cussons's Share for $70M to Secure Sole Ownership in PZ Wilmar","og_description":"On 18 June 2025, Wilmar International (SGX: F34) announced that it plans to buy out PZ Cussons&#8217;s 50% shares for","og_url":"https:\/\/gbc1.net\/index.php\/2025\/06\/19\/wilmar-buys-out-cussonss-share-for-70m-to-secure-sole-ownership-in-pz-wilmar\/","og_site_name":"Global Business Council (GBC)","article_published_time":"2025-06-19T14:32:56+00:00","article_modified_time":"2025-11-26T13:59:23+00:00","og_image":[{"width":600,"height":400,"url":"https:\/\/gbc1.net\/wp-content\/uploads\/2025\/06\/Wilmar-00w-jpg.webp","type":"image\/jpeg"}],"author":"gbc","twitter_card":"summary_large_image","twitter_misc":{"Written by":"gbc","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/gbc1.net\/index.php\/2025\/06\/19\/wilmar-buys-out-cussonss-share-for-70m-to-secure-sole-ownership-in-pz-wilmar\/#article","isPartOf":{"@id":"https:\/\/gbc1.net\/index.php\/2025\/06\/19\/wilmar-buys-out-cussonss-share-for-70m-to-secure-sole-ownership-in-pz-wilmar\/"},"author":{"name":"gbc","@id":"https:\/\/gbc1.net\/#\/schema\/person\/cab6d6e84e5294af65e6aa76c5752fad"},"headline":"Wilmar Buys Out Cussons&#8217;s Share for $70M to Secure Sole Ownership in PZ Wilmar","datePublished":"2025-06-19T14:32:56+00:00","dateModified":"2025-11-26T13:59:23+00:00","mainEntityOfPage":{"@id":"https:\/\/gbc1.net\/index.php\/2025\/06\/19\/wilmar-buys-out-cussonss-share-for-70m-to-secure-sole-ownership-in-pz-wilmar\/"},"wordCount":268,"publisher":{"@id":"https:\/\/gbc1.net\/#organization"},"keywords":["FoodSecurity","LVA"],"articleSection":["Agribusiness"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/gbc1.net\/index.php\/2025\/06\/19\/wilmar-buys-out-cussonss-share-for-70m-to-secure-sole-ownership-in-pz-wilmar\/","url":"https:\/\/gbc1.net\/index.php\/2025\/06\/19\/wilmar-buys-out-cussonss-share-for-70m-to-secure-sole-ownership-in-pz-wilmar\/","name":"Wilmar Buys Out Cussons's Share for $70M to Secure Sole Ownership in PZ Wilmar","isPartOf":{"@id":"https:\/\/gbc1.net\/#website"},"datePublished":"2025-06-19T14:32:56+00:00","dateModified":"2025-11-26T13:59:23+00:00","breadcrumb":{"@id":"https:\/\/gbc1.net\/index.php\/2025\/06\/19\/wilmar-buys-out-cussonss-share-for-70m-to-secure-sole-ownership-in-pz-wilmar\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/gbc1.net\/index.php\/2025\/06\/19\/wilmar-buys-out-cussonss-share-for-70m-to-secure-sole-ownership-in-pz-wilmar\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/gbc1.net\/index.php\/2025\/06\/19\/wilmar-buys-out-cussonss-share-for-70m-to-secure-sole-ownership-in-pz-wilmar\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/gbc1.net\/"},{"@type":"ListItem","position":2,"name":"Wilmar Buys Out Cussons&#8217;s Share for $70M to Secure Sole Ownership in PZ Wilmar"}]},{"@type":"WebSite","@id":"https:\/\/gbc1.net\/#website","url":"https:\/\/gbc1.net\/","name":"Global Business Council (GBC)","description":"Connecting ... Dots","publisher":{"@id":"https:\/\/gbc1.net\/#organization"},"alternateName":"GBC","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/gbc1.net\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/gbc1.net\/#organization","name":"Global Business Council (GBC)","alternateName":"GBC","url":"https:\/\/gbc1.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/gbc1.net\/#\/schema\/logo\/image\/","url":"https:\/\/gbc1.net\/wp-content\/uploads\/2023\/07\/GBC.png","contentUrl":"https:\/\/gbc1.net\/wp-content\/uploads\/2023\/07\/GBC.png","width":1200,"height":200,"caption":"Global Business Council (GBC)"},"image":{"@id":"https:\/\/gbc1.net\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/globiznet\/"]},{"@type":"Person","@id":"https:\/\/gbc1.net\/#\/schema\/person\/cab6d6e84e5294af65e6aa76c5752fad","name":"gbc","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/gbc1.net\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d885239a5c83809eb00f912fef7d8048?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d885239a5c83809eb00f912fef7d8048?s=96&d=mm&r=g","caption":"gbc"},"sameAs":["https:\/\/gbc1.net"],"url":"https:\/\/gbc1.net\/index.php\/author\/gbc\/"}]}},"_links":{"self":[{"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/posts\/23063"}],"collection":[{"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/comments?post=23063"}],"version-history":[{"count":15,"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/posts\/23063\/revisions"}],"predecessor-version":[{"id":29223,"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/posts\/23063\/revisions\/29223"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/media\/23068"}],"wp:attachment":[{"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/media?parent=23063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/categories?post=23063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/tags?post=23063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}