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Palm oil IPO presents environmental, financial risks

2013-12-10 01:17:00| Climate Ark Climate Change & Global Warming Newsfeed

Mongabay: An Indonesian palm oil company has failed to disclose all the financial and environmental risks to investors ahead of its December 12 initial public offering (IPO), alleges a new report from environmental groups. PT Sawit Sumbermas Sarana (SSMS), a palm oil company that runs plantations operated by PT Kalimantan Sawit Abadi, PT Mitra Mendawai Sejati (MMS), PT Ahmad Saleh Perkasa (ASP), and PT Sawit Mandiri Lestari (SML) in Indonesian Borneo, aims to raise a trillion ($88 million) in this week's...

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