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3 years ago
PHILIPPINES PRESS-Del Monte gets PSE approval to raise $180 mln - Daily Inquirer
January 22, 2015 / 1:16 AM / 3 years ago

PHILIPPINES PRESS-Del Monte gets PSE approval to raise $180 mln - Daily Inquirer

The Philippine Stock Exchange (PSE) has approved the plan of Del Monte Pacific Ltd to raise as much as $180 million from a stock rights offering to be launched in the Philippines and Singapore, the Philippine Daily Inquirer reported, without citing any source. The fund-raising exercise is part of the company's plan to pare down debt related to its $1.675 billion acquisition of the consumer food business of American firm Del Monte Foods, the report said. (bit.ly/1AQ9Svn)

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NOTE: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Manila Newsroom; Editing by Subhranshu Sahu)

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