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GRUMAB.MX on Mexico Stock Exchange

15 Dec 2017
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$0.41 (+0.17%)
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Tue, Nov 7 2017

Fitch Affirms Gruma at 'BBB'; Outlook Stable

(The following statement was released by the rating agency) MONTERREY, November 07 (Fitch) Fitch Ratings has affirmed Gruma, S.A.B. de C.V.'s (Gruma) Long-Term Foreign and Local Currency Issuer Default Rating (IDR) at 'BBB'. The Rating Outlook is Stable. A full list of ratings actions is provided at the end of this release. The affirmation reflects Gruma's strong business position as one of the world's largest producers of corn flour and tortillas with recognized brands in its main markets and g

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

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