Del Monte Pacific Subsidiary to Exit Sundrop Brands

MT Newswires

2025/12/17

Del Monte Pacific's (SGX:D03) indirect subsidiary, DMPL India, signed a share purchase and an options agreement with CAG-Tech (Mauritius), according to a Wednesday filing with the Singapore Exchange.

Under the share purchase agreement, DMPL India will dispose of a 4.99% stake in Sundrop Brands, formerly Agro Tech Foods, for around $14.8 million.

Under the options agreement, CAG-Tech will be granted a call option to acquire an additional 4.99% stake in Sundrop Brands for a consideration of around $14.8 million, exercisable after April 1, 2026.

Furthermore, DMPL India plans to dispose of its remaining 4.4% stake in Sundrop Brands, which deals in India's food and edible oils industry and holds consumer brands such as ACT II popcorn and Sundrop edible oil, to third-party purchasers

Proceeds raised from the proposed disposal will be used to support the company's main subsidiary, Del Monte Philippines.

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