BULLETIN:Grupo Bimbo Acquires Minority Interest in Mexican Consortium That Controls Fargo - S&P Global Ratings’ Credit Research

BULLETIN:Grupo Bimbo Acquires Minority Interest in Mexican Consortium That Controls Fargo

BULLETIN:Grupo Bimbo Acquires Minority Interest in Mexican Consortium That Controls Fargo - S&P Global Ratings’ Credit Research
BULLETIN:Grupo Bimbo Acquires Minority Interest in Mexican Consortium That Controls Fargo
Published Jul 22, 2003
Published Jul 22, 2003
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Abstract:

MEXICO CITY (Standard&Poor's) July 22, 2003-- Standard&Poor's Ratings Services said today that Grupo Bimbo S.A. de C.V.'s (local currency: BBB+/Stable/--; foreign currency: BBB-/Stable/--) recent announcement that it acquired a minority interest in a Mexican consortium that in turn acquired certain property and debt rights of the Argentine food company, Compania de Alimentos Fargo S.A., will have no impact on the ratings or outlook of Bimbo. Grupo Bimbo invested US$5 million, which came from its cash position, in a 30% stake of the consortium's capital stock and will have no active role in Fargo's management. Grupo Bimbo's current operations in Argentina enjoy an estimated market share of 21% of the packaged bread segment and generate less than

  
Report Type:

Bulletin

Ticker
BIMBO@MM
Issuer
Grupo Bimbo S.A.B. de C.V.
GICS
Packaged Foods & Meats (30202030)
Sector
Global Issuers, Structured Finance
Country
Mexico
Region
Latin America
Format:
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Grupo Bimbo S.A. de C.V. – 2003/12/30 – US$ 500.00

Summary: Grupo Bimbo, S.A. de C.V. – 2003/12/30 – US$ 225.00

Summary: Grupo Bimbo, S.A. de C.V. – 2004/07/13 – US$ 225.00

Summary: Grupo Bimbo, S.A. de C.V. – 2004/11/15 – US$ 225.00

Summary: Grupo Bimbo, S.A. de C.V. – 2002/11/06 – US$ 225.00

Grupo Bimbo S.A. de C.V. – 2002/04/05 – US$ 500.00

Summary: Grupo Bimbo, S.A. de C.V. – 2002/04/05 – US$ 225.00

Summary: Grupo Bimbo, S.A. de C.V. – 2002/03/22 – US$ 225.00

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "BULLETIN:Grupo Bimbo Acquires Minority Interest in Mexican Consortium That Controls Fargo" Jul 22, 2003. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Grupo-Bimbo-Acquires-Minority-Interest-in-Mexican-Consortium-That-Controls-Fargo-324580>
  
APA:
S&P Global Ratings’ Credit Research. (). BULLETIN:Grupo Bimbo Acquires Minority Interest in Mexican Consortium That Controls Fargo Jul 22, 2003. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Grupo-Bimbo-Acquires-Minority-Interest-in-Mexican-Consortium-That-Controls-Fargo-324580>
  
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