LIMA, Peru--(BUSINESS WIRE)--Alicorp S.A.A. (“Alicorp” or “the Company”) (Lima Stock Exchange: ALICORC1 and ALICORI1), a leading Peruvian CPG and B2B company, announced today that, at the Board of Directors meeting that took place on May 7, 2018, the Board approved the following resolutions with the unanimous consent of its Ad Hoc Committee, comprised of Independent Directors (the Independent Committee).1/2
- The acquisition of 100% of the shares of Industrias del Aceite S.A. and related businesses (together “Fino”), a leading integrated CPG and B2B company.
- The indirect acquisition of 100% of the shares of ADM-SAO S.A. (“ADM Bolivia”), a leading oilseeds crusher and CPG company.
- Authorization to Alicorp’s management, acting individually, to negotiate, hold, grant, subscribe, issue and deliver all documents necessary to execute the approved acquisitions.
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.
1 Created on August 7, 2017
2 Authorized by shareholder approval on February 22, 2018 to evaluate and adopt necessary agreements regarding this transaction