‘PACE’signs financing deal with ‘SCB’ to support acquisition of ‘Dean & DeLuca’

12 January 2015

PACE Development Corporation Plc,recently signed a financing agreement worth USD 125 million (Approximately Bht 4,000 million) with Siam Commercial Bank (SCB) to support the acquisition of ‘Dean & DeLuca’, one of the world’s most iconic gourmet food and beverage brands. The acquisition will increase PACE’s business potential as the high-end property developmentto be premium lifestyle brands in response to global market trends. The signing ceremony was held at Dean & DeLuca, MahaNakhon CUBE.