- | URC joins with Intersnack Group to expand snack food operations |
- | Intersnack acquires 40% of URC Oceania’s shares |
| URC partners with Intersnack through Oceania subsidiary |
Universal Robina Corporation partners with Interstack Group to expand its snack food market operations in Oceania. Already boasting USD 3 billion (P158.6 billion) in European net sales, Intersnack acquired 40% of shares in URC Oceania ‘s consolidated businesses in Australia and New Zealand.
The transaction will be fulfilled through both cash and shares of Intersnack’s Australian unit Yarra Valley Snack Foods Pty. Ltd upon completion of requirements.
July 8, 2019 1:28 pm