Jollibee Foods to take control of S.Korea's Compose Coffee in UJS$340mil deal

Quick Summary:

Philippine fastfood firm Jollibee Foods Corp will acquire a majority stake in privately held Compose Coffee, a South Korean coffee chain, as part of a deal valuing the target at $340 million, the company said on Tuesday.

Exim Bank Malaysia is lead arranger for fundraising up to U$2.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaSouth Korea

Topics: Coffee chain Corporate News Jollibee Compose Coffee /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-02 @ 15:55:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 170 words

Reading Time: 1 minutes read

Sentences: 8 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21456490

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 43 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1 hours ago

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News Language: English

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Publisher ID: #22

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