Tag page - Sundrop Brands Limited

Del Monte Pacific Ltd., the food and beverage conglomerate led by the Campos family, raised ₱870 million ($14.13 million) by offloading its remaining stake in India’s Sundrop Brands Ltd., moving to shore up liquidity and pay down debt at its main Philippine operating unit. In a disclosure to...

Del Monte Pacific Ltd.’s (DMPL) subsidiary, DMPL India Holdco, has found a second buyer for the piecemeal sale of its 14.38-percent stake in Sundrop Brands Ltd., following the completion of the first tranche sale worth $14.8 million. In a disclosure to the Philippine Stock Exchange (PSE), DMPL...

Del Monte Pacific Ltd. agreed to sell its 14.38 percent stake in India’s Sundrop Brands Ltd. in a three-part deal valued at approximately ₱2.5 billion, part of a strategy to offload non-core assets and shore up its balance sheet. In a disclosure to the Philippine Stock Exchange, the food and...