RSS

Metro Pacific unloads Victorias Milling Stake

09 Jan

BY ANGPING & ASSOCIATES SECURITIES

Metro Pacific Investments Corp. (MPI) has unloaded its entire stake in the country’s largest sugar milling firm. MPHI sold its 7.7% interest in Victorias Milling Co. Inc. to First Agri Holdings Corp. for about PHP 900.0 million.

It has subsidiaries engaged in fish canning, real estate, sugar sacks manufacturing and packaging, and golf course and restaurant operations which include Victorias Foods Corp., Victorias Agricultural Land Corp., Canetown Development Corp., Victorias Golf and Country Club Inc., Victorias Quality Packaging Co. Inc., and Victorias Industrial Gases Corp.

Get FREE stock analysis, special reports and brokers’ recommendations!
Be a smart stock investor! Get FREE company analysis and stock reports! (size 728x90)

VMC posted a net income of PHP 926.0 million in its fiscal year 2014 ending August, while revenues stood at PHP 5.0 billion.

Advertisements
 
Leave a comment

Posted by on January 9, 2015 in Corporate News, MPI, Stock Market

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

 
%d bloggers like this: