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Mexican breadmaker Bimbo closes U.S. acquisition
MEXICO CITY |
MEXICO CITY Jan 22 (Reuters) - Mexico's Bimbo said on Thursday it had closed the $2.38 billion acquisition of the U.S. breadmaking unit of Canada's George Weston Ltd (WN.TO).
The deal, announced early in December, will extend Bimbo's (BIMBOA.MX) U.S. presence coast to coast with one of the biggest acquisitions in its history.
Bimbo also agreed to buy other financial assets worth $125 million as part of the George Weston deal.
Bimbo is one of the world's top breadmakers. Its shares inched up 0.33 percent to 49.35 pesos shortly before market close on Thursday. (Reporting by Cyntia Barrera Diaz; editing by Richard Chang)
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