Premium Co., Ltd. signed a letter of intent to acquire an additional 45.40% stake in Etomo Financing Corporation from Marubeni Corporation for PHP 13 million.
Premium Co., Ltd. signed a letter of intent to acquire an additional 45.40% stake in Etomo Financing Corporation from Marubeni Corporation (TSE:8002) for PHP 13 million on May 26, 2026. Before acquisition, Premium Co., Ltd. and Marubeni Corporation holds 45.4% stake each in Etomo Financing Corporation. Upon completion, Premium Co., Ltd. will own 90.80% stake in Etomo Financing Corporation.
For the period ending December 31, 2025, Etomo Financing Corporation reported total revenue of PHP 30 million and net loss of PHP 133 million.
The expected date of contract conclusion is June 5, 2026. The transaction is expected to complete on June 12, 2026.
Marubeni Corp is engaged in the import, export and transaction of various products through domestic and overseas networks. The Company has sixteen segments. The Lifestyle segment includes apparel, footwear, daily necessities, sporting goods. The Information Solutions segment includes services utilizing digital technology in the ICT and logistics fields. The Food 1 segment includes dairy products, sugar, processed foods and beverages. The Food 2 segment includes feed grains, soybeans, wheat. The Agri segment includes agricultural materials sale business. The Forest Products segment includes papermaking raw materials and paperboard. The Chemicals segment includes petrochemicals and electronic materials. The segments also include the Metals, the New Energy Development Promotion Department, the Energy, the Electricity, the Infrastructure Projects, the Aviation and Ship, the Finance, Leasing and Real Estate, the Construction & Industrial Machinery, Next Generation Business Development.
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Premium Co., Ltd. signed a letter of intent to acquire an additional 45.40% stake in Etomo Financing Corporation from Marubeni Corporation for PHP 13 million.
