Communities living within the concessions claimed by PHC have long sought to regain control over their lands and have called for negotiations to determine the conditions under which the company may be allowed to continue to operate.
European MPs issue an interparliamentary statement on the “Finance in common summit”, calling on public development banks to stop "harmful investments", such as those in the oil palm plantation company Feronia in the DR Congo.
- European MPs
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10 November 2020
The Feronia case, and other development bank investment failures, shows that there is a need to overhaul development finance institutions practices and to consider whether it might be better to just shut them down entirely.
L’est de l’Europe est victime d’un phénomène d’accaparement de terres par de gros investisseurs étrangers au monde agricole. Le dernier exemple concerne l’Allemagne et le discounter Aldi.
- Ouest France
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03 September 2020
Feronia announces that it has entered into a definitive purchase agreement with Straight KKM 2 Ltd that provides for the acquisition of its operating subsidiary, Plantations et Huileries du Congo.
- Globe Newswire
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21 July 2020
Le RIAO-RDC est très préoccupé de la vente/transfert de la majorité des actifs de Feronia-PHC par la banque de développement de la Grande-Bretagne à une entité à l’Île de Maurice gérer par une société de capital-investissement.
The communities have already introduced traditional and artisanal palm oil harvesting and production systems for the abandoned areas.
Après l’annonce de l’abandon de certaines plantations, les communautés ont introduit des systèmes de récolte et de production de huile de palme artisanaux et traditionnels.
The debt-ridden oil palm plantations company operating in the DR Congo announces that it is pursuing a restructuring plan that includes a sales process and potential liquidation.
- Globe Newswire
-
24 May 2020
DR Congo's largest plantation company announces resignation of its Executive Chairman, soon after departure of its CEO.
The German fund 4K Invest, which financially drained and eventually sank Slovenia's Adria Airways, may have used these funds to acquire farmlands for cattle and tree plantations in Paraguay.
- Necenzurirano
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06 Mar 2020
A Mongabay investigation traces the rise and fall of a billion-dollar agribusiness cartel in Eastern Europe, finding it relied on money laundering, tax avoidance and state capture.
