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DMPL eyes overseas offering to raise $360 Million

09 Dec

Del Monte Pacific Limited (DMPL) plans to raise up to $360 million from an overseas offering of US dollar-denominated preferred shares to fund its leveraged buyout of the consumer food business of US firm Del Monte Foods.

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DBS Bank Ltd. would be the sole global coordinator of the offering.

The company intends to list the “preference” shares on the Singapore Exchange Securities Trading Ltd. (SGXST) and has already submitted an application to the bourse.

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Posted by on December 9, 2014 in Corporate News, DMPL, Stock Market

 

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