Industrias Bachoco Completes Tender Offer, Increasing Ownership Stake

Industrias Bachoco, a leading poultry company in Mexico, has successfully completed its tender offer for the outstanding Series “B” shares owned by the general investor public. The offer, initiated by Bachoco, aimed to acquire up to 2.28% of the company’s outstanding capital stock.

Casa de Bolsa BBVA México, S.A. de C.V., Grupo Financiero BBVA México, served as the intermediary for the tender offer and has published the notice of results. According to the figures provided by the placement intermediary, a total of 8,205,316 shares representing Bachoco’s capital stock participated in the offer and were accepted by the Offeror.

With the completion of the tender offer, including affiliates and related parties, Industrias Bachoco now directly or indirectly owns 99.1% of the company’s capital stock. This increased ownership stake further solidifies Bachoco’s position as a leader in the poultry industry in Mexico and one of the largest poultry companies globally.

Industrias Bachoco, founded in 1952, operates in a vertically integrated manner, with its main business lines including chicken, eggs, balanced feed, and pork, among other products. The company has over one thousand facilities organized into nine production complexes and more than 100 distribution centers in Mexico, as well as one production complex in the United States. With a workforce of over 34,000 employees, Bachoco continues to contribute significantly to the economy and job creation.

It is important to note that this information contains forward-looking statements, reflecting management’s current beliefs based on available information. While these statements are not guarantees of future performance, they provide insights into the company’s expectations. Industrias Bachoco acknowledges the risks and uncertainties associated with the poultry industry, competition, shareholder liability, government regulation, and environmental matters. The company remains committed to providing updates as necessary and complying with applicable laws.

For more information, please refer to the official notice of results published by Casa de Bolsa BBVA México, S.A. de C.V., Grupo Financiero BBVA México.

Source: [Link to the press release]