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22-10-2008, 10:01 PM

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Golden Agri seeks Indonesian palm plantation buys

SINGAPORE, Oct 22 (Reuters) - Singapore's Golden Agri said on Wednesday it is looking to expand through buying palm oil plantations in Indonesia after financial turmoil has driven down valuations. "Now prices have come down, acquisitions have become more attractive than organic growth," said Raphael B. Concepcion, the firm's director, in an interview with Reuters.

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