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.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.