Philippines' Metro Pacific to acquire stake in Axelum Resources for $98m

Philippines' Metro Pacific to acquire stake in Axelum Resources for $98m

Manila, Philippines. Photo: David Milmont/unsplash

Philippine conglomerate Metro Pacific Investments Corp is buying one-third of Axelum Resources Corp for 5.32 billion pesos ($97.7 million), the coconut products manufacturer and exporter said on Monday.

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