Del Monte Philippines files for P44-billion IPO

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The Philippines' biggest pineapple and tomato sauce producer is planning to mount the country's second largest IPO yet.

DMPI plans to use the funds to pay off loans of its parent company, Del Monte Pacific Limited.

DMPI said it captures 88% of the total market share in packaged pineapple in the Philippines, 87% in tomato sauce, 74% in packaged mixed fruit, and 39% in spaghetti sauce.

 

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