NutriAsia Pacific Ltd has taken an 84.52% stake in Del Monte Pacific Ltd, as the takeover offer of the Singapore-listed company closed on Friday. NutriAsia is a joint-venture, part-owned by the San Miguel Corp.
According to a statement by PricewaterhouseCoopers Finance Pte. on behalf of NutriAsia: “On the closing date, the Offeror now owns, controls or has agreed to acquire … an aggregate of 914,357,372 shares, representing approximately 84.52% of the issued and paid up capital (of Del Monte).”
NutriAsia had offered 38.62 US cents a share in an acquisition, which values Del Monte at around US$420m.