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Golden Springs sells 75% stake in animal feed producer Gold Coin to Aboitiz unit

The deal values Gold Coin, set up in Singapore in 1953, at US$550 million

Published Fri, Jul 20, 2018 · 09:50 PM

Singapore

GOLDEN Springs Group (GSG) has sold a 75 per cent stake in Gold Coin Management Holdings to Pilmico International, a subsidiary of Aboitiz Equity Ventures (AEV), in a deal which values the livestock feed producer at US$550 million.

Sabin M Aboitiz, AEV's chief operating officer and Pilmico's president and chief executive officer, said the acquisition will add three million metric tons of feed volume, in addi…

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