Albar & Partners and Cleary Gottlieb Steen & Hamilton are advising Malaysian palm oil firm Felda Global Ventures Holding (FGVH) on what is expected to be the world's second-largest IPO this year after Facebook, according to a prospectus exposure published on the Securities Commission website.

The Malaysian government’s planned sell-down of stakes in 33 Government Linked Companies (GLC) has kicked off with the float of MSM Malaysia – Malaysia’s leading sugar producer – in the first-ever privatisation by FELDA, the Malaysian government’s agri-holding business. Clifford Chance, Cleary Gottlieb, Albar & Partners and Kadir Andri & Partners were counsels to the deal.