|
|
Article: Bachoco Provides a Major Disclosure About its Financial Derivatives Position.
- Article from:
- PR Newswire
- Article date:
- December 16, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. 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)
|
CELAYA, Mexico, Dec. 16 /PRNewswire-FirstCall/ -- Industrias Bachoco S.A.B. de C.V. ("Bachoco" or "the Company") (NYSE: IBA; BMV: Bachoco), Mexico's leading producer and processor of poultry products, today announced that under a requirement by the "Comision Nacional Bancaria y de Valores" of Mexico (CNBV), it made a major disclosure about its derivative and financial instruments positions as of September 30, 2008, as well as of the general policies the Company use for managing those instruments.
Under its normal operation, the Company contracts financial instruments derivatives (FID) with the objective of ensuring more certainty for the acquisition of its main ...