After nearly two years of negotiations, the Peruvian company Gloria finalized the purchase of blow himleading brand in the dairy market in Chili, valued at US$640 million. This is how he made it known through an event of importance to the Stock Market Superintendence (SMV) on the last Thursday, March 30.
“For Gloria Foods it is very good news to finalize the purchase of Soprole. It is a large Chilean company and brand, with a successful story in the country, and much loved by its clients and consumers”, said Claudio Rodríguez Huaco, executive director of Gloria Foods.
The day before, Gloria, through its subsidiary Inversiones Gloria Chile Spa, launched a Takeover bid (OPA) for 100% of shares issued by Soprole, at a value of US$14 per share, according to Bloomberg.
Soprole profits fell
“This sales process ends successfully. As a Board of Directors, we are committed to the continuity of the strategic plan and guarantee the optimal operation of the company, led by a team committed to product innovation, adequate agricultural policies towards dairy farmers“, expressed the president of the board of the Chilean Soprole, Hugo Covarrubias Lalanne.
The Peruvian Company, Founded by the brothers Vito and Jorge Rodríguez, it will have a challenging scenario, since Soprole’s revenues registered an increase of 14.1% in 2022; however, its earnings fell by 8.1% due to the increase in selling costs.
Source: Larepublica
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