Philippines' Metro Pacific signs $97 mln investment agreement for coconut firm
Philippine conglomerate Metro Pacific Investments Corp has entered into a deal to acquire a third of Axelum Resources Corp to expand its agriculture portfolio. Metro Pacific said its subsidiary would spend 5.32 billion pesos ($97.31 million) for a 34.76% share in Axelum, a manufacturer and exporter of coconut products. "The acquisition buttresses Metro Pacific's promise in becoming a
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