Del Monte Pacific LimitedSGX: D03

Del Monte Pacific Says DMPL India Holdco Intends To Sell 4.99% Stake In Sundrop Brands

· Issued by Del Monte Pacific Limited

Del Monte Pacific SGX:D03:

  • DMPL INDIA HOLDCO INTENDS TO SELL 4.99% EQUITY STAKE IN SUNDROP BRANDS LIMITED

  • DEAL FOR AGGREGATE CONSIDERATION OF US$14.8 MILLION

  • DMPL INDIA INTENDS TO IDENTIFY THIRD-PARTY PURCHASER FOR SALE OF BALANCE 1.7 MILLION SUNDROP BRANDS SHARE

  • NET LOSS ON PROPOSED SUNDROP DISPOSAL TRANSACTIONS IS US$5.4 MILLION

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