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

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