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Article: Grupo Empresarial Alimentos Europeos Announces Purchase from Banco Sudameris Patagonia de la Argentina of holdings in Quimica Estrella S.A. (Buenos Aires Stock Exchange symbol QES).(Brief Article)
- Article from:
- Mondaq Business Briefing
- Article date:
- February 19, 2004
CopyrightCOPYRIGHT 2004 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Grupo Empresarial Alimentos Europeos, a privately owned Spanish holding company, has announced its purchase from Banco Sudameris Patagonia de la Argentina of holdings in Quimica Estrella S.A. (Buenos Aires Stock Exchange symbol QES). The acquisition, priced at slightly less than U.S.$1 million, gives Grupo Empresarial a 40.4% stake in Quimica Estrella.
Quimica Estrella, a food products conglomerate, controls well-known Argentine brands like Cruz de Malta mate (a tea like beverage consumed mainly in Argentina, Uruguay, Paraguay and southern Brazil), Toddy chocolate powder and Gallo ...