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FIGARO Coffee Group Inc. (Figaro) on Monday said that the Securities and Exchange Commission (SEC) had approved an increase in its authorized capital stock to P1.34 billion from P660 million.
Monde Nissin will purchase the shares in Figaro for P1 each, bringing the total value of the transaction to P820.3 million.
Monde Nissin Corp., the listed snack foods giant, takes a bite of the food service industry through an acquisition of a 15 percent stake in Figaro Coffee Group for P820.3 million.
Newly listed Figaro Coffee Group is expanding its presence nationwide.
Figaro Coffee Group (FCG) is gearing up to expand its local store presence in order to cater to more Filipinos nationwide as the economy reopens further. In a disclosure to the Philippine Stock Exchange, the firm said it has upcoming store openings lined up in Lipa, Batangas; Ortigas business distr