Del Monte plans $600-M equity raising to erase debt

MANILA, Philippines — Canned fruit maker Del Monte Pacific Ltd. (DMPL) is planning to raise up to $600 million through the issuance of new shares in its Philippine business. The move aims to reduce the company’s liabilities.

In a regulatory filing on Tuesday, the Campos-led company announced that it is considering an equity raise via private placement at Del Monte.

https://business.inquirer.net/551171/del-monte-plans-600-m-equity-raising-to-erase-debt

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