Metro Pacific in talks to buy stake in coconut firm —sources
Metro Pacific Agro Ventures will strengthen Axelum’s international business and develop the domestic market while supporting local coconut farmers, CEO Jovy Hernandez said in a statement.. It also exports milk, cream, cooking oil and other coconut products to 23 countries. Metro Pacific, which has interests in power, water, hospitals and toll roads, is a unit of Hong Kong-listed First Pacific Co LtdIt started an agriculture push in mid-2022 by acquiring a majority share in a Philippine dairy and premium ice cream producer.
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