J&F, group of brothers Batista, hit sale of Force to Mexican Lala

The J&F group closed on Monday, 31, the sale of the effect for the Group of Mexico, Lala, R $5.7 billion. According to sources familiar with the matter, the contract has not been signed, but the business is given. Miss only the approval of the boards of the companies involved for which the contract is signed. It is expected that to happen within the next few days.
The Force won R $5.2 billion in 2015, the last year with available data, and also owns the brands Leco, Blue Ribbon, Danube and Serrabella, among others. It also has 50% stake in Itambé, in partnership with the Central Cooperative of Farmers of Minas Gerais (CCPR). The business advisors have been BTG (by the side of the Lala) and Bradesco BBI and Santander (J&F).
Although initial projections give a value of R $6 billion to the Force, market sources said today that, as a result of the rush brothers Batista have in closing deals at the moment, the value of R $5.7 billion if the sale is carried out, must be considered a good deal.
Divestments. The sale is the third to be carried out by the J&F. The Group has sought to make the box since your controllers and Directors made a snitch, car wash operation and pledged to pay a fine of Rs $10.3 billion in 25 years.
The Group has sold meat operations in South America for $ $300 million to the fridge. Alpargatas also was traded by R $3.5 billion to Cambuhy Investments, Itaúsa and the Brazil Fund Warrant. There are other assets being traded, as the Eldorado and the manufacturer of hygiene and cleaning products.
New owner. Last year, the Lala had already assessed the Force in R $5.4 billion, of which R $1.5 billion would be participation in Itambé. The company beat rivals, as the French for Lactalis and the American Pepsico, on the active.
Only dairy company with presence in all Mexico, Lala won 53.5 billion Mexican pesos (about $ $3 billion), in 2016. With 22 factories and more than 34000 employees, has operations in the United States, Mexico and Central America.
Last year, the Group''s net sales grew 11%, after acquisitions in Nicaragua, in Costa Rica and the United States. This year, the spread was 18% in the first quarter, compared with the same period of the previous year and other 16% in the second quarter, in equal comparison. According to the report to the company''s investors, the high was due to the integration of international operations.
Family deals. The Bailey brothers are negotiating the sale of its assets. In the case of Sneakers, for example, the businessman Wesley Batista took over the negotiations. Sources familiar with the matter said that both Wesley when your brother, Joesley, continue to talk directly with potential buyers of its assets.
In the coming days, investors will make nonbinding offer to Moy Park, with headquarters in Ireland. The negotiations should be completed by October, according to sources close to the matter, as anticipated. European and Chinese groups are interested in the business.
Sought, the Lala did not respond to a request for an interview. The J&F reported, through your press relations, "says the sale of assets in addition to public information".