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Article: Venezuela: investors buy 7% of Proagro.
- Article from:
- South American Business Information
- Article date:
- May 28, 2001
CopyrightCOPYRIGHT 2001 COMTEX News Network, Inc. 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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Venezuela, May 25, 2001
A group of Venezuelan investors - Gerencia Nacional - has acquired 7% of shares in Proagro, the poultry group, from AGP for Bs$62 per share and thus Bs$3.3bil in total. The group includes the company's national director Ernesto Vogeler. The money received will be used to pay off debt until it stands at Bs$5.6bil. AGP acquired Protinal/Proagro in 1997 and now owns 54% plus the voting rights on the 7% it has just sold. The rest of shares are free-floating. ...
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