United States

Gruma SAB de CV (GPAGF.PK)

GPAGF.PK on OTC Markets Group - US Other OTC and Grey Market

15 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Fitch: Gruma's Ratings Unchanged by Offer to Purchase GIMSA Shares

(The following statement was released by the rating agency) MONTERREY, June 28 (Fitch) Fitch Ratings says there is no rating impact from Gruma, S.A.B. de C.V.'s (Gruma) announcement of a pending acquisition deal with its subsidiary Grupo Industrial Maseca, S.A.B. de C.V. (GIMSA). Gruma recently launched a public offer to acquire up to 14.5% equity stake of GIMSA. The amount of the transaction is estimated at MXN3.3 billion and will be financed with an unsecured committed revolving credit facilit