A PYMNTS Company

Brazil: Arcor buys into Mastellone with US$12.7 million deal

By  |  May 21, 2019

Arcor and Bagley have announced they will expand their participation in the Mastellone dairy company, pushing to acquire the right to buy up to 49% of the company.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    In a note, investors anticipated that they will jointly acquire a total of 29.3 million shares, with a price of US$12.7 million. The operation would need the endorsement of the Administrative Council of Economic Defense of Brazil (CADE).

    The companies also reached an agreement to increase the right to purchase, until reaching 49% of the shares of the company until 2020.

    Full Content: Cronista

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.