Petra Foods, the Singapore-based consumer and B2B chocolate and cocoa group, has incorporated a wholly-owned subsidiary into its organisational structure.

In an announcement this morning (19 July), Petra said its has incorporated a new Ecuador subsidiary, DelfiCocoa Ecuador for the purposes of cocoa bean sourcing and processing.

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The unit is held through the company’s subsidiaries Delfi Cocoa Investments and Delfi Cocoa Investments, and has an issued capital of US$25m.