MANILA  -Campos-led Del Monte Pacific Ltd. will launch a 'strong debt reduction program' over the next year as it aims to cut obligations by nearly P10 billion amid global recession concerns. The listed canned fruit and condiment giant outlined plans to cut total debts in 2024 by about $170 million to $2.1 billion from $2.27 billion, a presentation to shareholders during its annual meeting showed. Moreover, Del Monte Pacific is considering a potential share sale or issuance of other equity instruments to increase its capital.

https://business.inquirer.net/418364/del-monte-pacific-lays-down-plan-to-cut-debts-by-p10b

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