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Deal snapshot: GRUPO LALA CLOSES ACQUISITION OF BRAZILIAN DAIRY FIRM VIGOR ALIMENTOS.

MANews-(C)2009-2017

Mexican dairy producer Grupo Lala, S.A.B. de C.V. has closed the acquisition of the Brazilian dairy company Vigor Alimentos S.A., including its shareholding in Itamb?(c) Alimentos, S.A., for an implied value of BRL 5.025bn (USD 1.53bn), the group said.

Following a relevant event published on 21 September, the Cooperativa Central dos Produtores Rurais de Minas Gerais Ltda is expected to exercise its right of first refusal to acquire 50% of the remaining Itamb?(c) shares, belonging to Vigor, so the net implied value of the Transaction would be BRL 4.325bn (USD 1.31bn).

Country: Brazil

Sector: Food/Beverages/Tobacco

Target: Vigor Alimentos S.A.

Buyer: Grupo Lala, S.A.B. de C.V.

Vendor:

Deal size in USD: 1.8bn

Type: Corporate Acquisition

Financing: Cash

Status: Closed

Buyer advisor: , ,

Comment:

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Publication:M & A Navigator
Date:Oct 27, 2017
Words:142
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