Metro Pacific to acquire a 35% stake in Axelum Resources for $98m.

Metro Pacific, a Philippine-based unit investment holding company, agreed to acquire a 35% stake in Axelum Resources, a fully-integrated manufacturer and exporter of premium coconut and products for domestic and international food and beverage company, for $98m. “The proceeds will be used for the improvement of facilities as well as for our expansion program. We placed an order for the expansion of our coconut water line. We will be putting up another 500-milliliter feeding machine,” Henry J. Raperoga, Axelum President and C00.