Alicorp Announces Acquisition of Industrias de Aceite S.A. (“Fino”) and the Assignment of the Purchase Agreement for the Acquisition of ADM-SAO S.A. (“SAO”)
May. 17, 2018
LIMA, Peru--(BUSINESS WIRE)--May 17, 2018--Alicorp S.A.A. (“Alicorp” or “the Company”) (Lima Stock Exchange: ALICORC1 and ALICORI1) a leading Peruvian CPG and B2B company, announced today that, its subsidiaries Holdco Bolivia Inversiones S.A. and Alicorp Holdco España S.L., have respectively acquired:100% of the shares of Industrias de Aceite S.A. and related businesses (jointly “Fino”), a leading CPG and B2B company in Bolivia, and; Brands, trademarks, logos and distinctive marks used by Fino (jointly “Brands”).
The acquisition price for Fino and the Brands amounted to US$ 292,956,267.00.
In addition, Alicorp announced that its subsidiary, Alicorp Inversiones S.A. has effectively replaced Inversiones Piuranas S.A. (“IPSA”) in the Share Purchase Agreement (“SPA”) entered into with ADM Investments Limited and ADM Worldwide Holdings LP for the purchase of 100% of the shares issued by the shareholders of ADM - SAO S.A. (“SAO”), a leading oilseeds crusher and CPG company in Bolivia. The closing of this transaction is subject to the completion of certain precedent conditions detailed in the SPA.
Alicorp’s management will host a special conference call to review the details for both the Fino and SAO transactions upon closing of the transaction in accordance with the SPA.
Alicorp is a leading CPG and B2B company headquartered in Peru, with operations in Latin American countries, including Argentina, Brazil, Chile, Ecuador, as well as exports to 23 other countries. The Company focuses on three core businesses: (1) Consumer Products (food, personal and home care products), in Peru, Brazil, Argentina, Ecuador, Colombia and other countries, (2) Industrial Food Products (industrial flour, industrial lard, pre-mix and food service products), and (3) Aquaculture (fish and shrimp feeding).
Certain statements contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent Alicorp's expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Alicorp's control that could cause actual results to differ materially from the results discussed in the forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by law, Alicorp does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time and it is not possible for management to predict all such factors.
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CONTACT: INVESTOR RELATIONS
Alexander Pendavis Heksner
Corporate Finance Director & IRO
T: (511) 315-0800 Ext: 444410
F: (511) 315-0867
KEYWORD: UNITED STATES BOLIVIA NORTH AMERICA SOUTH AMERICA PERU
INDUSTRY KEYWORD: OTHER CONSUMER NATURAL RESOURCES AGRICULTURE RETAIL FOOD/BEVERAGE CONSUMER
SOURCE: Alicorp S.A.A.
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PUB: 05/17/2018 12:12 PM/DISC: 05/17/2018 12:12 PM