Date
24 October 2017

Shuanghui, Sigma agree to acquire Campofrio, Xinhua says

Henan Shuanghui Investment & Development Co. Ltd. (000895.CN) and Mexican frozen-food company Sigma Alimentos S.A. de C.V. have agreed to jointly acquire Spanish meat processor Campofrio Food Group S.A., Xinhua news agency reported Wednesday. The deal values Campofrio at 6.9 euros per share or 705 million euros (US$965 million), the report said. Prior to the agreement, Sigma already owned a 44.72 percent stake in Campofrio, while Shuanghui acquired a 36.99 percent stake of Campofrio via its acquisition of US pork giant Smithfield Foods Inc. earlier this year, the Wall Street Journal reported on Monday.

– Contact HKEJ at [email protected]

EL/MY/CG

 

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