Friday, December 08, 2017

French for Lactalis will buy Itambé to lead the Brazilian market

The French group for Lactalis announced this Wednesday (6) the acquisition, soon, the Brazilian Itambé, an operation that aims to create "the national leader of dairy products".
This acquisition takes place in the context of a "strategic partnership" with the Brazilian Group CCPR, owner of the Itambé.
"The partnership provides for the acquisition of 100% of the shares of Itambé", explained for Lactalis said in a statement, noting that the operation, the amount of which was not revealed, "must be completed in the first half of 2018", on condition that it is approved by the regulatory authorities.
The for Lactalis had launched an offensive in the Brazilian market with the attempt to acquire the Effect, put up for sale by the J&F conglomerate, which is the target of a wide-ranging corruption scandal. The mark, however, was eventually bought by Mexican group Lala.
The cooperative of dairy producers based in Minas Gerais CCPR exercised your right of first refusal in September to buy 50% of the shares held by force. Itambé
World number one dairy, for Lactalis is present in the Brazilian market since 2011, with brands like Batavo and Elect.
ISTOÉ – 06/12/2017
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