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Del Monte Pacific defers IPO for Philippines subsidiary amid market volatility

Stanislaus Jude Chan Published on Thu, Jun 07, 2018 / 7:57 AM GMT+8

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SINGAPORE (June 7): Del Monte Pacific announced Thursday that it is deferring the initial public offering (IPO) of its Philippine subsidiary, Del Monte Philippines, Inc (DMPI).

See: Del Monte's Philippine unit files for IPO of up to $428 million

Citing continued volatile market conditions, Del Monte says its bankers and advisors have advised that it would be in the best interest of the company and DMPI to defer the offering until market conditions improve.

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