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Genus PLC announces completion of acquisition of Genetiporc do Brasil

Monday, 10 Feb 2014 02:01am EST 

Genus PLC:Refers to the announcement made on Sept. 23, 2013 and Oct. 18, 2013 regarding Genus' acquisition of Génétiporc, Agroceres PIC, Genus' 49 pct owned joint venture in Brazil.Says it has completed the acquisition of Genetiporc do Brasil LTDA, Génétiporc's Brazilian joint venture.Says Genetiporc do Brasil has been acquired for a total purchase price of 19 mln real (4.9 mln pounds).Says the acquisition by Agroceres PIC has been funded by Genus and its joint venture partner, Agroceres, subscribing for additional equity pro rata to their existing equity ownership. 

Company Quote

34.0 +3.02%
19 Sep 2014