Article: Smithfield expands presence in Spain, U.K.(Business Report)(Smithfield Foods Inc.'s acquisitions)

Smithfield Foods Inc. has acquired a 15% interest in the largest pork processor in Spain and also has purchased two meat processors in the U.K., forming from the latter Smithfield Foods Ltd. to serve foodservice and retail customers in the U.K., according to two separate announcements.

Smithfield said it purchased 15%, or 8.0 million shares, in Campofrio Alimentacion S.A. in a private transaction with a single stockholder for $87.8 million. About 26% of the company's shares are publicly traded on the Spanish Stock Exchange, and the remaining shares are held by the company's founding Ballve family and associates, the announcement said.

Campofrio is ...

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