Axelum Resources Corp. has sealed its strategic partnership with Metro Pacific Agro Ventures, Inc. (MPAV). MPAV is a wholly-owned subsidiary of Metro Pacific Investments Corporation, a leading infrastructure investments company in the Philippines, with diversified interests in power, toll roads, water, transportation, healthcare and real estate.

The transaction is valued at PHP 5.32 billion, representing a 34.76% equity stake for MPAV in Axelum. Through this alliance, Axelum and MPAV will aggressively pursue value-accretive opportunities both domestically and overseas, as it aims to maximize capabilities and competitiveness of Philippine coconuts in the global stage. In the long-term, the partnership aspires to be a transformative leader in strengthening the country's food supply chain, pioneering new farming technology and re-establishing agriculture as a core backbone to economic development and inclusive growth.