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                    [ArticleID] => 130101
                    [Title] => Jollibee sells 50% stake in Delifrance
                    [Summary] => Jollibee Foods Corp. will sell half of its stake in Baker Fresh Foods Philippines Inc., the retail company of Delifrance Philippines Inc., to its Singapore-based partner Delifrance Asia to effect the merger of the two companies and gain a stronger foothold in the French cafe bakery food category.


In a disclosure to the Philippine Stock Exchange, JFC vice president for finance Miguel Jose Navarete said the company’s board has resolved to sell 50 percent of its shareholdings in BFFPI, a wholly-owned subsidiary, to Delifrance Asia Pte. Ltd. for P63.322 million.


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BAKER FRESH AND DELIFRANCE PHILIPPINES

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                    [ArticleID] => 130101
                    [Title] => Jollibee sells 50% stake in Delifrance
                    [Summary] => Jollibee Foods Corp. will sell half of its stake in Baker Fresh Foods Philippines Inc., the retail company of Delifrance Philippines Inc., to its Singapore-based partner Delifrance Asia to effect the merger of the two companies and gain a stronger foothold in the French cafe bakery food category.


In a disclosure to the Philippine Stock Exchange, JFC vice president for finance Miguel Jose Navarete said the company’s board has resolved to sell 50 percent of its shareholdings in BFFPI, a wholly-owned subsidiary, to Delifrance Asia Pte. Ltd. for P63.322 million.


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abtest

Jollibee sells 50% stake in Delifrance

August 14, 2001 - 12:00am

Jollibee Foods Corp. will sell half of its stake in Baker Fresh Foods Philippines Inc., the retail company of Delifrance Philippines Inc., to its Singapore-based partner Delifrance Asia to effect the merger of the...

Business