date:Nov 18, 2013
eady signalled its intention to reduce its 37% stake in Campofrio in order to avoid triggering a mandatory offer for the Spanish meat firm, per Spanish securities requirements.
Commenting on the move, Sigma CEO Mario Paez said the acquisition would provide the company with access to the European market with a stable of high-profile brands.
The acquisition of Campofrio represents a unique opportunity to enter the European market with leadership positions, he said.
In its most recent financial