Aboitiz buys Vietnamese animal feeds company | Inquirer Business

Aboitiz buys Vietnamese animal feeds company

By: - Business Features Editor / @philbizwatcher
/ 11:08 AM August 07, 2017

Aboitiz Equity’s Erramon Aboitiz and Sabin Aboitiz at May 15, 2017 stockholders meeting

Conglomerate Aboitiz Equity Ventures Inc. has expanded its animal feeds business in Vietnam with the acquisition of a controlling stake in Europe Nutrition Joint Stock Co. (Eurofeed).

Through wholly-owned subsidiary Pilmico International Pte., AEV is buying 70 percent of Vietnam-based Eurofeed for $3.7 million.

ADVERTISEMENT

In a disclosure to the Philippine Stock Exchange on Monday, AEV said its board had approved the acquisition, which was based on enterprise value less debt.

The deal is still subject to closing audit review, the execution of a shareholders’ agreement and the delivery by the sellers of the corresponding amended investment certificates, and other corporate documents to be submitted to the relevant governmental authorities of the Socialist Republic of Vietnam necessary to obtain the amended enterprise registration certificate, among others.

FEATURED STORIES

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: AEV, Eurofeeds, Europe Nutrition Joint Stock Co., Pilmico
For feedback, complaints, or inquiries, contact us.
Your subscription could not be saved. Please try again.
Your subscription has been successful.

Curated business news

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.



© Copyright 1997-2023 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.