Bachoco Family Trust Reduces Shareholding
MEXICO - The family trust has sold some of its shares in Industrias Bachoco.
10 December 2013
1 minute read
Industrias Bachoco S.A.B. de C.V., Mexico's leading producer and processor of poultry and other food products, announced that it has been notified by the family trust which has members of the founding family as beneficiaries, that such trust sold a portion of its shares representing 9.5 per cent of Bachoco, through the Mexican Stock Exchange at market price. As a result, the family trust holds 21.25 per cent of Bachoco.
The control trust, which also has members of the founding family as beneficiaries, did not participate in such transactions and, thus, continues to hold 52 per cent of Bachoco.
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