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Economy
1 MIN READ
Philippines’ Universal Robina acquiring Malaysia’s Munchy Food for $453 mln
November 26, 2021
By Reuters
By Reuters
MANILA, Nov 26 (Reuters) – Philippines’ Universal Robina Corp URC.PS said on Friday it is acquiring Malaysia’s Munchy Food Industries for 1.925 billion ringgit ($453.58 million).
URC agreed to buy 100% of Munchy and its subsidiary from private equity firm CVC Capital Partners, the Philippine snacks and beverage firm said in a disclosure.
($1 = 4.2440 ringgit)
(Reporting by Neil Jerome Morales; Editing by Muralikumar Anantharaman)
((neiljerome.morales@thomsonreuters.com; +632 8841 8914;))
This article originally appeared on reuters.com