Malaysian tycoon to take commodity firm Tradewinds private

Newswire

KUALA LUMPUR, Dec 24 (Reuters) - Malaysian tycoon Syed Mokhtar Al-Bukhary will take palm oil to sugar processor Tradewinds (M) Bhd private in a cash deal worth at least 1.5 billion ringgit ($490.20 million), Maybank Investment said on Monday. Maybank Investment, which advises Syed Mokhtar's investment companies, did not give any rationale for the deal. Analysts who follow Tradewinds said all of Syed Mokhtar's commodity businesses might be grouped under one company and ...

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