Metro Pacific in talks to buy stake in coconut firm —sources

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Metro Pacific in talks to buy stake in coconut firm —sources
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  • 📰 interaksyon
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A deal could be finalized this month, one of the sources said, as Metro Pacific pushes to build an agriculture portfolio at a time of high commodity prices.

is in talks to acquire a significant share stake in Axelum Resources Corp, a manufacturer and exporter of coconut products, two sources with knowledge of the deal said on Monday.

It was unclear how much any deal may be worth but Axelum has a market capitalization of $247 million.

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