Golden Springs sells 75% stake in animal feed producer Gold Coin to Aboitiz unit
The deal values Gold Coin, set up in Singapore in 1953, at US$550 million
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Singapore
GOLDEN Springs Group (GSG) has sold a 75 per cent stake in Gold Coin Management Holdings to Pilmico International, a subsidiary of Aboitiz Equity Ventures (AEV), in a deal which values the livestock feed producer at US$550 million.
Sabin M Aboitiz, AEV's chief operating officer and Pilmico's president and chief executive officer, said the acquisition will add three million metric tons of feed volume, in addition to quadrupling AEV's overall feeds production capacity.
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