Iris Gonzales – The Philippine Star November 27, 2021 | 12:00am MANILA, Philippines — Universal Robina Corp. (URC), the Gokongwei-led snack foods giant, has gobbled up a biscuit company in Malaysia for roughly P22.9 billion. URC Snack Foods (Malaysia) Sdn Bh, URC’s wholly owned subsidiary, munched on Munchy Food Industries Sdn. Bhd., Malaysia’s top biscuit brand which was established in 1991. The URC subsidiary reached an agreement with private equity firm CVC Capital Partners (CVC) to acquire a 100 percent stake in Munchy’s and its subsidiary Munchworld Marketing Sdn. Bhd. from CVC Asia IV fo…

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