Del Monte may sell US unit after losing firm to lenders

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The story "Del Monte may sell US unit after losing firm to lenders" was covered 19 hours ago by Business Mirror, a news publisher based in Philippines.

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Del Monte may sell US unit after losing firm to lenders - Business Mirror

Quick Summary:

THE Campos-led Del Monte Pacific Ltd.(DMPL) may sell its US unit, taking into account the macroeconomic conditions in the United States and its historical financial performance, as lenders took over Del Monte Foods Inc.(DMFI).

In addition, the company and its affiliates have a net receivable of $169 million from DMFHL and its subsidiaries.

As of end January, Del Monte’s net investment value in DMFHL was $579 million.