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Article: Hicks, Muse, Tate & Furst to Invest in Grupo Minsa.
- Article from:
- Business Wire
- Article date:
- October 20, 1999
CopyrightCOPYRIGHT 1999 Business Wire. 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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MEXICO CITY and DALLAS--(BUSINESS WIRE)--Oct. 20, 1999--
Grupo Minsa, S.A. de C.V. ("Minsa" or "the Company") (BMV: MINSA; OTC: MINSAC), Mexico's second-largest producer of corn flour for tortilla production, and Hicks, Muse, Tate & Furst Incorporated, a leading global private investment firm, today announced an agreement in which Hicks Muse's Latin America Fund will acquire 32.275% of Minsa's capital stock from Promotora Empresarial del Occidente, S.A. de C.V. ("PEO"), Minsa's controlling shareholder, for US$67.85 million.
Under terms of the agreement, Hicks Muse will acquire 51,833,989 shares of Minsa from PEO, of which 50,934,588 have voting rights ...
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