BIZ BUZZ: Peter Paul wants in on Franklin Baker?
We just heard that one of the country’s major coconut players was seeking aid to restructure a mammoth P6.3-billion loan, and we’ve got other news.
Franklin Baker Co. of the Philippines, which produces desiccated coconut, may also get another investor.
Apart from the rumored entry of the Metro Pacific Group for P1 billion, sources familiar with the matter told Biz Buzz that another player may be coming to town: Peter Paul Philippines Corp.
Although there was “no firm indication of an investment,” the people said Peter Paul was “looking at” Franklin Baker.
Looks like the coconut industry is getting the attention—and investment—it deserves.
Will Peter Paul end up being Franklin Baker’s white knight? Abangan!
