Philippines' Universal Robina to acquire Malaysia's Munchy Food for RM1.9 billion

Philippines' Universal Robina to acquire Malaysia's Munchy Food for RM1.9 billion
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MANILA (Nov 26): Philippines' Universal Robina Corp (URC) said on Friday it is acquiring Malaysia's Munchy Food Industries for RM1.925 billion.

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.

For full story, please read: Philippine’s Universal Robina to purchase Munchy Food for RM1.925b to scale up business in Malaysia