Smithfield Foods Inc., Smithfield, Va., purchased more than 8 million shares of Campofrio Alimentacion S.A., for approximately $87.8 million.Smithfield Foods  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . Inc., Smithfield, Va., purchased more than 8 million shares of Campofrio Alimentacion S.A., for approximately $87.8 million. The shares, representing 15.2 percent of Campofrio's outstanding share capital, were acquired in a privately negotiated transaction from a single shareholder. Campofrio is the largest meat processor in Spain and one of Europe's largest diversified meat processors, with estimated annual sales of about EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1 billion ($1.25 billion). "This transaction provides a strategic partner to develop synergies with our operations in France and Poland to exploit many attractive opportunities in Europe and Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. ," said Joseph W. Luter, III, Smithfield's chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . |
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