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JFC to beef up war chest for US-firm acquisition

23 Jan

BY F. YAP SECURITIES / 2TRADEASIA

Jollibee Foods Corporation (JFC) seeks to beef up funding with plans to acquire a US-based fast food firm that has strong regional brand & market capitalization of at least $1 billion.

This is part of JFC’s goal to raise revenue from overseas branches.

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JFC chief Tan-Caktiong said a medium-sized firm would be ideal, as they’re shifting away from traditional markets of overseas Filipinos.

Since the purchase may be too big for JFC, Tan-Caktiong said they may look for a business partner, via private equity or a fund.

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Posted by on January 23, 2015 in Corporate News, JFC, Stock Market

 

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