US EditionArcor and Bagley seek to keep 100% of Mastellone, owner of La Serenísima
7 Articles
7 Articles
The company already owned 49% of the dairy company, consolidating it as the country's main food firm.
Arcor and Bagley announced this afternoon with a note to the National Securities Commission (CNV) their intention to keep 100% of Mastellone Hermanos’ shareholding package, a company that controls the traditional brand La Serenísima. The Cordobesa Arcor and the multinational Danone -who together already controlled 49% of Mastellone- had signed a contract -there was still a year left- in which Arcor had the right to exercise a call (purchase opti…
In a move that promises to revolutionize the food market, Arcor, the world’s leading producer of hard candy, made an option to keep 51% of the capital of Mastellone Hermanos, the largest dairy in the country, owner of La Serenísima for milks, creams and cheeses. But at the last hour of yesterday Monday, the founders [...] The post Arcor activated option to buy to keep 100% of La Serenísima (Mastellone resists) appeared first on dotapunto.com.ar.
The food giant announced to the CNV his intention to acquire the entire stock package of Mastellone, one of the leading companies in the sector
With the exercise of the last option foreseen in the contracts signed a decade ago, Arcor wants to buy 51% of the capital of Mastellone Hermanos and to have 100% of the shares and, consequently, the control of the biggest dairy in the country, owner of the brand La Serenísima for milks, creams and cheeses.
The company Arcor informed the National Securities Commission that it made use of the purchase option, whose term expired at the end of 2025. Read more
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