|
|
|
You can get e-magazine links on WhatsApp. Click here
|
|
|
|
|
|
Saputo completes divestiture of majority stake in its Argentina operations
|
|
Tuesday, 23 June, 2026, 15 : 00 PM [IST]
|
|
Montréal, Canada
|
Saputo Inc., announced the completion of the previously disclosed sale of an 80% interest in its Dairy Division (Argentina) to Gloria Foods, the dairy and food holding company of Grupo Gloria.
In connection with the closing, the company received net proceeds of approximately $543 million ($400 million USD) and retains a 20% ownership interest in the business.
Following the transaction, the Argentina platform will continue to manufacture select products for the company, supporting its international product portfolio.
|
|
|
|
|
|
|
|
|
|