Aboitiz Equity buys 75 percent stake in Gold Coin for $334M

Aboitiz Equity buys 75 percent stake in Gold Coin for $334M

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Asia’s largest privately owned agribusiness company sold to Pilmico International

According to WATTAgNet, Zuellig Gold Coin produces concentrates, premix and compound feeds for poultry, pigs, ruminants, horses and specialty breeds. Part of the Zuellig Group, Zuellig Gold Coin consists of several subsidiaries that collectively employ about 2,400 people across 10 Asian countries. In 2016, the company had 22 feed mills and manufactured 2.5 million metric tons of feed. In late June, it was reported that the company was on the market. Pilmico International is a wholly owned subsidiary of Aboitiz Equity Ventures Inc. through its Singapore-based holding entity, AEV International Pte Ltd.