The Del Monte logo is seen on a banana in this illustration photo January 31, 2018. REUTERS/Thomas White/Illustrationhas put the $900 million float of its Philippines business on ice as Manila fights a surge in coronavirus cases that has knocked about 7% off its stock market in the past month. The deal would have been the country’s second-largest initial public offering and proceeds would have helped pay down debt for the Singapore-listed group.
Del Monte is familiar with the effect of poor markets, having called off a spinoff attempt three years ago for similar reasons. This time however the market wobbles have a global taste: Last week produce giant Dole
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: