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Bloomberg
Philippine food maker Monde Nissin Corp is in talks with Singapore state investment fund GIC Pte and Hong Kong insurer AIA Group Ltd to become cornerstone investors in what could be the country’s biggest-ever initial public offering, according to people familiar with the matter.
Fidelity International and Capital Group Cos are also in discussions to buy stock in the offering for the Makati-based company, said the people, who asked not to be named as the information is private.
Monde Nissin set a final price of 13.50 pesos per share for its IPO, according to a
stock exchange filing. That would put the Philippine food maker on track to raise 48.6 billion pesos ($1 billion), according to data compiled by Bloomberg.
Deliberations are still
ongoing and the investor lineup could change, said the people.