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Economy 1 MIN READ

Philippines’ Universal Robina acquiring Malaysia’s Munchy Food for $453 mln

November 26, 2021By Reuters
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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

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