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The Mexican company Sigma Alimentos has purchased 247,602 shares of the meat company from Burgos (Spain) with a total value of 1.70 million euros within the framework of the Initial Public Offering (IPO), together with the Chinese company Shuanghui, that improved the price by €0.01, until €6.9, according to the information provided by the Comisión Nacional del Mercado de Valores (CNMV = National Body for the Market Values).
This transaction has materialized after Shuanghui decided to form an alliance with Sigma and the president of Campofrío Food Group, Pedro Ballvé, in the IPO on the meat company from Burgos, in which the Chinese company will have three members in the Board of Directors, including the vice-chairmanship. In this way, the Chinese company and the Mexican group have reached an agreement for sharing the control of Campofrío.
Thursday January 2, 2014/ Expansión/ Spain.
http://www.forbes.com.mx
