FrieslandCampina invests in the Philippines’ Alaska Milk

The Dutch dairy multinational is to purchase a controlling stake in the Philippines’ Alaska Milk Corporation for $400 million.

FrieslandCampina invests in the Philippines’ Alaska Milk
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Royal FrieslandCampina, a leading dairy company in the Netherlands, has bought a controlling interest in Philippines-listed Alaska Milk Corporation, one of the country’s biggest dairy companies.

Much of the MA activity we have seen so far this year has been Chinese and Japanese companies doing outbound acquisitions, but this $400 million deal, which is the biggest MA transaction in the Philippines so far this year, represents a European company looking at Asia’s...

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