Monde Nissin to buy 15% stake in Figaro Coffee Group

MANILA, Philippines — Food giant Monde Nissin Corp. will acquire a 15% stake in Figaro Coffee Group, as the two companies take advantage of their clout in the food market to drive growth.

Under the transaction, Monde Nissin will purchase the shares in Figaro for P1 each, bringing the total value of the transaction to P820.3 million, the two companies told the stock exchange on Thursday.