Del Monte Pacific to buy Del Monte Foods’ consumer business for USD1.675b

A dramatic 'global foods' makeover.

According to Maybank Kim Eng, Del Monte Pacific (DMPL) announced a massive agreement to buy Del Monte Foods’ consumer business in a deal worth USD1.675b.

Here's more from Maybank:

This will change the profile of DMPL dramatically into a global foods company. Reiterate BUY with higher TP. We see a good fit between the two entities as they operate in different geographies.

Synergies would likely come in the form of brand ownership and cost savings in certain products.

We acknowledge execution risk, given the high leverage taken, but the stable business nature mitigates risk while still providing significant upside for shareholders. Our new TP of SGD1.30 (PHP45.00) takes into account a longer-term view.

Also Read

SGX, Thomson Reuters unveil bond indices for benchmarking investment performance

AXA Real Estate raises ¥26b at launch of 2nd Japanese debt investment vehicle

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit