Region:
America
Category:
Economy
Article type:
Informed

The Mexican Bimbo group conducts a global equity offering

Region:
America
Category:
Economy
Article type:
Informed
Author/s:
By Miguel Sangineto
Publication date:
Print article

The company informed in a statement that its shareholders propose to make an initial public offering of subscription of shares in Mexico, United States and other international markets

The Mexican group Bimbo - the largest baker in the world reported that conduct poses a global equity offering for an amount yet unspecified, this being his debut in foreign markets.

The company informed in a statement that its shareholders propose to make an initial public offering of subscription of shares in Mexico, the United States and other international markets.

Notice also that an increase in capital raised through the issuance of non-subscribed shares.

Resources Bimbo Series A shares, will be used to pay down debt and for general corporate purposes, the company said in a preliminary placement prospectus sent to the Mexican stock exchange.

Bimbo, bought a few months ago for about 1,660 million dollars granted through credit lines the company is buying Canada Bread Company, which was one of his biggest acquisitions in recent years.

The Panificador Group also finalized important acquisitions in the United States and Spain, which led to securing their place as the greatest World Panificador.

On September 18 Bimbo will convene a special meeting to present their proposals.