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SA San Miguel AGICI y F (SMI.BA)

SMI.BA on Buenos Aires Stock Exchange

123.50ARS
22 Jun 2018
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Latest Key Developments (Source: Significant Developments)

Argentine fruit producer San Miguel buys Peru's Agricola Hoja Redonda
Monday, 17 Jul 2017 12:00pm EDT 

BUENOS AIRES, July 17 (Reuters) - Argentine fruit producer S.A. San Miguel A.G.I.C.I. y F. has acquired Peruvian fruit producer Agricola Hoja Redonda SA for $64 million, San Miguel said in a letter to the Buenos Aires stock exchange on Monday. :* Deal will close between August 10 and August 20 .* Agricola Hoja Redonda is Peru's largest producer of mandarins and also produces avocados and grapes.* San Miguel says a presence in Peru will help boost its access to clients in the U.S. West Coast and in growing Asian markets.* San Miguel said it used a portion of the funds received in a recent capital increase to finance the acquisition.  Full Article