Coazucar, the sugar production holding of Peru's Grupo Gloria conglomerate, has begun a Public Offer of Acquisition (POA) for sugar mill Agroindustrias San Jacinto. The process will be concluded on 22 March 2010. Coazucar has agreed to pay PEN 4.94 (EUR 1.28 USD 1.73) for each of the shares it will acquire in San Jacinto, which will be up to 5.66mn. This will equate to a maximum value of PEN 28mn, which has been guaranteed by BBVA Banco Continental. Coazucar already has a 73.57% stake in San Jacinto.
Publication: Esmerk - News monitoring
Provider: Esmerk
February 25, 2010
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