Philippines' Universal Robina acquiring Malaysia's Munchy Food for US$453mil


MANILA: Philippines' Universal Robina Corp (URC) said on Friday it is acquiring Malaysia's Munchy Food Industries for RM1.925bil (US$453.58mil).

URC agreed to buy 100% of Munchy and its subsidiary from private equity firm CVC Capital Partners, the Philippine snacks and beverage firm said in a disclosure. - Reuters

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Tech bridging the Causeway
EPF stirs interest in Inari
Mexico oils Coastal’s growth��
Boustead reinvents itself
Affin sees growth opportunities to productivity, competitiveness in Budget 2027
Expanded co-investment funds can help strengthen SMEs working capital
Amp up meter awareness
Drop location pin, please
Some hotter than others
Growth, fiscal consolidation remain key priorities

Others Also Read