Berjaya Food buys remaining stake in Berjaya Starbucks


PETALING JAYA: Berjaya Food Bhd (BFood) is buying the remaining 50% it does not own in Berjaya Starbucks Coffee Company Sdn Bhd (BStarbucks) for RM279.5mil cash.

The company told Bursa Malaysia that it had entered into a conditional share purchase agreement (SPA) with Starbucks Coffee International, Inc to acquire the remaining shares to make the coffee chain a wholly owned subsidiary.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , starbucks , berjaya food

   

Next In Business News

Oil prices rise, with focus on Israel-Hezbollah ceasefire and Opec+ policy
Business confidence on the rise - MIER
Asian stocks slide amid Trump tariff worries, yen gains
Maybank Asset Management announces new new multi-asset solution
ACE Market-bound Vanzo Holdings aims to raise RM14mil from IPO
'Economy Madani' framework at the heart of government's vision - Johan Mahmood
AmBank CEO optimistic over progress in FY25
Bursa Malaysia maintains upward momentum amid mixed regional markets
PETRONAS Gas posts 3Q net profit of RM493.67mil, 18c div/share
PPI continues to fall, 2.4% lower in Oct 2024

Others Also Read