For Lactalis negotiates acquisition of LBR

After the purchase of the Balqis, manufacturer of gourmet cheeses, French for Lactalis, with annual revenue of almost € 16 billion, took another step to expand its business in the country and negotiates the acquisition of LBR-Brazil Dairy. The operation has the potential to reach the House of billion reais and should be a great shot of the company here. The for Lactalis is a month doing ' due diligence ' on the LBR.
The negotiation between the two companies is complex, since the LBR is in reorganization since February, with delinquencies estimated at r $ 1 billion. Your plan is being evaluated by lenders and provides for the payment of debts at face value, but the main discharge only from 2021 in the case of creditors with collateral and unsecured (no warranty). Lenders considered essential suppliers would be paid within 24 months from the adoption of the plan.
The LBR has the license of Parmalat, which belongs to for Lactalis-in Brazil the French do not have the mark. She became the largest dairy company in the world after acquiring control of Parmalat S.p.A, Italy, in July 2011.