DJ Gozco Seeking To Acquire Palm Oil Plantations - Report JAKARTA (Dow Jones)--PT Gozco Plantations is looking to acquire palm oil plantations in a move which will make it one of Indonesia's main crude palm oil producers, the Investor Daily reported, citing a company executive.
The newspaper cited Gozco Finance Director Kreisna Dewantara Gozali as saying that the acquisition of up to 280,000 hectares of plantations in Kalimantan and Sumatra would cost between IDR5.8 trillion ($631 million) and IDR10 trillion. The company expects to complete the purchases in two years, the newspaper cited Gozali as saying.
