Metro Pacific completes acquisition of Franklin Baker

MANILA, Philippines — Tycoon Manuel V. Pangilinan-led Metro Pacific Investments Corp. (MPIC) has completed its takeover of Franklin Baker, one of the leading coconut processors in the Philippines. This comes just less than five months after the group’s agri-food unit Metro Pacific Agro Ventures Inc. (MPAV) entered into a pact to buy Franklin Baker. “In our