Del Monte Pacific

Del Monte Pacific: has entered into a subscription agreement with each of Ace Profit Enterprise Ltd (Ace) and Anatoli Holdings Company Ltd (Anatoli) where each investor will make an equity investment of US$37.25m in Del Monte Foods (DMF, which Del Monte Pacific is in the midst of acquiring). These investors are independent but are considered strategic as they are expected to provide linkages between their business networks in Asian markets and the Consumer Food Business. This will add to the US$515m financing that Del Monte Pacific has obtained from Banco de Oro Unibank and Bank of the Philipines Islands to help fund the US $1.675b purchase.