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Announced

Grupo Bimbo to acquire Brazil business of ARYZTA.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Brazil

Single Bidder

Acquisition

Majority

Pending

bakery products

Food Products

Cross Border

Friendly

Synopsis

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Grupo Bimbo, a Mexico-based company, which is engaged in the food industry, agreed to acquire Brazil business of ARYZTA, a firm that produces and retails specialty bakery products. Financial terms were not disclosed. “The sale of the Brazil business concludes our planned disposal programme. The disposals plan enabled ARYZTA to agree new lending facilities, pay deferred and current hybrid interest and improve the Group’s financial profile. Our focus now is to deliver sequential quarterly positive organic growth supported by positive volume and pricing. We are working with our customers on inflation price recovery and also focusing on further operational efficiencies to offset the inflation trends," Urs Jordi, ARYZTA Chairman and Interim CEO.

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