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Del Monte Pacific in US$1.7b acquisition

Published Fri, Oct 11, 2013 · 10:00 PM
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Singapore

DEL Monte Pacific - which is dual-listed in Singapore and the Philippines - is acquiring the consumer food business of privately-owned Del Monte Foods of the US for close to US$1.7 billion.

The Philippines-based processed products group said yesterday that it has, through a new subsidiary, signed a definitive agreement for the acquisition.

The news sent shares in Del Monte Pacif…

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