Del Monte buying over US namesake business
SunMoon taking stake in American kids' drinks maker
TWO Singapore listed food players yesterday announced separate corporate deals as they seek to expand their global footprints.
Mainboard-listed plantation company Del Monte Pacific is selling some stakes to boost its war-chest to fund its purchase of a US food company of the same name, while another Singapore-listed food player, SunMoon Food Company, is buying into a US-based beverage maker.
Del Monte Pacific announced it had entered into a subscription deal with Ace Profit Enterprise and Anatoli Holdings, both of whom have agreed to invest US$37.25 million each for a "minority stake" in it.
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