More articles about: acquisition

Industry

Foodpanda's Kitchen Equipment Bought by Filipino Business Fruitas Holdings

The purchase seems to indicate further proof of Foodpanda’s impending exit from the Philippine market.

Cloud kitchen equipment owned by Foodpanda has been acquired by a unit of listed Filipino company Fruitas Holdings Inc. This seems to indicate that the food delivery service is well on its way to exiting the Philippine market. In a disclosure to ...

Capital

Home Credit Philippines Acquired by Krungsri and MUFG in P24.4 Billion Deal

Operations in the Philippines will continue.

Home Credit Philippines, also known as HC Consumer Finance Philippines Inc., has been acquired by Thailand's Bank of Ayudhya PCL, or Krungsri, and Japan's Mitsubishi UFJ Financial Group in a substantial P24.4 billion transaction. Under the agreement, Krungsri will ...

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