Aboitiz Is Said to Weigh Sale of Minority Stake in Pilmico
- Deal could value animal feed firm at more than $1 billion
- Philippine conglomerate bought feed producer Gold Coin in 2018
Photographer: Trevor Snapp/Bloomberg
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Philippine conglomerate Aboitiz Equity Ventures Inc. is considering a sale of a minority stake in its animal feed business Pilmico Foods Corp., people familiar with the matter said.
Aboitiz is considering selling about 20% to 30% of the unit, the people said, asking not to be identified because the information is private. The transaction could value the entire business at more than $1 billion, they said.