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Food Empire to invest $4 mil in coffee paraphernalia distributor

M&A

Food Empire to invest $4 mil in coffee paraphernalia distributor

Samantha Chiew Published on Wed, Dec 27, 2017 / 5:44 PM GMT+8

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SINGAPORE (Dec 27): Food Empire announced that its wholly-owned subsidiary, Future Investment Holdings, is subscribing to 138,334 shares or 25% of the enlarged share capital of Italy-based 101 Caffe for €2.5 million ($4.0 million).

A wholly-owned subsidiary of Lascola Holdings, 101 Caffe is a distributor of coffee paraphernalia including pods, pads, and capsules through its franchise network.

Following the completion of the share subscription, 101 Caffe will become an associated company of Food Empire.

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