Japan’s Nissin Foods Holdings is taking control of its instant-noodle joint venture in the Philippines. The Tokyo-based maker of Cup Noodles has agreed to acquire an additional 21% stake in the venture from its Philippine partner Universal Robina Corp. (URC). Nissin Universal Robina Corp. (NURC) was originally established in 1994. When the deal is finalised, Nissin’s stake will rise to 70% from 49%, while URC’s holding will fall to 30% from 51%. Nissin cited its focus on international growth as a driv ...