Mexican bakery group Bimbo revealed earlier this week (7 May) that it has purchased a majority stake in Brazilian baker Nutrella Alimentos.
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In a statement to the Mexican stock exchange, the world’s third largest bread maker said it has bought a 75% stake in Nutrella.
The financial details of the deal were not disclosed.
In 2007, Nutrella posted sales of BRL150m (US$89m).
Bimbo was unavailable for comment as just-food went to press.
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