Brief: Delfi signs joint venture agreement
21/04/2017 10:12
April 21 (Reuters) - Delfi Ltd DELF.SI :
* Delfi and Yuraku Confectionery Company announce signing of
a joint venture agreement
* Total initial capital commitment in JV shall be agreed
between Delfi and Yuraku and is estimated at between $5 million
and $7 million
* Jv company to produce, develop, market and sell a range of
chocolate snack products in Indonesia under "Delfi" masterbrand
* JVC's majority shareholder will be Delfi with a 60% share,
while Yuraku will hold remaining 40%
* Transaction is not expected to have any material impact on
earnings of Delfi for financial year ending 31 december 2017
Source text for Eikon: ID:nSN9Y8TWk
Further company coverage: DELF.SI
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