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US tariffs prompt 3i Group to delay pet food maker MPM's sale, Bloomberg News reports

Published by Global Banking & Finance Review

Posted on April 7, 2025

1 min read

· Last updated: April 7, 2025

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3i Group Postpones MPM Sale Amid US Tariff Concerns

(Reuters) - British private equity firm 3i Group Plc has put the sale process of pet food maker MPM on hold to assess the impact of U.S. President Donald Trump's tariffs, Bloomberg News reported on Monday, citing people familiar with the matter.

MPM, which owns pet food brands like Applaws, Reveal, and Encore, sources its materials from Thailand, the report said.

The U.S. imposed a 36% tariff on Thai exports last week, one of its highest reciprocal rates under President Donald Trump's new trade policy that has escalated a global trade war.

A deal would have potentially valued MPM at about 500 million pounds ($635.75 million), according to the report.

The private equity firm is deliberating on it and could revive a sale when market conditions are favorable again, the report added.

3i Group declined to comment.

($1 = 0.7865 pounds)

(Reporting by Aatrayee Chatterjee in Bengaluru; Editing by Leroy Leo)

Key Takeaways

  • 3i Group delays MPM sale due to US tariffs.
  • MPM sources materials from Thailand, affected by tariffs.
  • US imposes 36% tariff on Thai exports.
  • Potential MPM valuation was 500 million pounds.
  • 3i Group may resume sale when conditions improve.

Frequently Asked Questions

What is the main topic?
The main topic is 3i Group delaying the sale of MPM due to the impact of US tariffs on Thai exports.
How are US tariffs affecting MPM?
US tariffs on Thai exports are causing 3i Group to reassess the sale of MPM, which sources materials from Thailand.
What is the potential valuation of MPM?
The potential valuation of MPM was about 500 million pounds before the sale was delayed.

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