Metro Pacific Agro Ventures Inc. entered into a sale and purchase agreement to acquire 31.33% stake in Axelum Resources Corp. (PSE:AXLM) from a group of shareholders for PHP 4.8 billion on February 6, 2023. As per the transaction, Metro Pacific Agro Ventures Inc. will acquire 1,190 million shares of Axelum Resources Corp. The transaction is approved by board of directors of Metro Pacific Investments Corporation. Credit Suiss acted as financial advisor to Metro Pacific Agro Ventures.

Metro Pacific Agro Ventures, Inc. completed the acquisition of a 31.33% stake in Axelum Resources Corp. (PSE:AXLM) from a group of shareholders on December 22, 2023.