Listed Monde Nissin Corp., maker of instant noodles and biscuits, has acquired a 15 percent stake in Figaro Coffee Group Inc. for P820.26 million. Know more:
Listed Monde Nissin Corp., maker of instant noodles and biscuits, has acquired a 15 percent stake in Figaro Coffee Group Inc. for P820.26 million.
Proceeds of the subscription will be used by Figaro to finance its expansion plans, the companies said. “Additionally, we believe our scale may help enhance the procurement capabilities of the Figaro Group which is rapidly growing. We look forward to working with the Figaro Group management team and potential future collaborations that this new relationship may offer.”
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