Vitarich Corporation (PSE:VITA) agreed to acquire Barbatos Ventures Corp. from Luzon Agriventure, Inc. for PHP 45 million on October 27, 2021. Vitarich Corporation (PSE:VITA) has reached an agreement with Luzon Agriventure Inc to acquire Barbatos Ventures Corporation (BVC). The consideration will be payable in installments over three years from 2022 up to 2024. The transaction is subject to approval by regulatory board/committee and consummation of due diligence investigation. The transaction was approved by Vitarich's board. The transaction is expected to have financial benefits to Vitarich in terms of additional source of income and additional cost savings, with minimal impact on cash flow. The boards of directors of Barbatos Ventures Corp. have approved the transaction. As on December 16, 2021, The deal is expected to be closed in the beginning of January 2022.