Article: Hicks, Muse, Tate & Furst to Invest in Grupo Minsa.

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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