Spanish food group Ebro Puleva has announced that UK-based EDF Man intends to exercise its call option over 51% of the capital of Inversiones Greenfields in Chile.

EDF Man purchased the remaining 49% of the capital in November 2004. Ebro said that after sending the appropriate legal documents to the Chilean Securities and Insurance Watchdog, notices will be published announcing the takeover bids for the shares in Inversiones Greenfields’ two businesses Empresas Iansa and Campos Chilenos.

This process is expected to take between 45 and 60 days. Ebro Puleva said it will receive US$12m as the price for exercising the option.

The Spanish company said the transaction represents further headway in its strategic plan to consolidate and grow the group’s activities in strategic value-added businesses, optimise costs and structures, and divest businesses with smaller returns or no growth prospects.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.