LEADING snacks and beverage manufacturer Universal Robina Corp. (URC) has acquired Snack Brands Australia (SBA) for A$600 million (about $460.9 million) in a bid to expand its footprint in the Oceania region.

In a disclosure to the Philippine Stock Exchange, URC said that its wholly owned offshore unit URC International Company Limited entered into a definitive agreement with Consolidated Snacks Pty Ltd (CSPL) on Wednesday to acquire 100 percent of CSPL’s shares for A$600 million in a cash-free, debt-free deal.

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