Feronia Inc, the Canadian stock market listed agribusiness in which CDC has a 41% stake, has agreed to sell its equity interest in Plantations et Huileries du Congo (PHC) to KKM, a long-term shareholder in Feronia. PHC is Feronia’s palm oil business which operates in the DRC.

Furthermore, the company has announced that KKM has signed a term sheet setting out the terms of a proposed restructuring of PHC’s senior debt and the bridging loans made by KKM and CDC to Feronia.

PHC ...