Berjaya Food buys remaining stake in Berjaya Starbucks

PETALING JAYA: Berjaya Food Bhd (BFood) is buying the remaining 50% it does not own in Berjaya Starbucks Coffee Company Sdn Bhd (BStarbucks) for RM279.5mil cash.

The company told Bursa Malaysia that it had entered into a conditional share purchase agreement (SPA) with Starbucks Coffee International, Inc to acquire the remaining shares to make the coffee chain a wholly owned subsidiary.