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Cargill follows up on Pipasa acquisition by investing $27 million in Nicaragua

Friday, June 3, 2011

Cargill will invest $27 million over the next five years in Nicaragua following the acquisition of Costa Rica-based Pipasa. Alfredo Vélez, vice-president of Cargill Meats Central America, denied that Cargill would be creating a monopoly to the detriment of consumers.

“The basic fact is that the poultry industry is haveily concentrated in the region. There are only two or three companies in each country. But this concentration creates efficiency. The high volumes lower costs,” he said.

Original source (in Spanish): La Prensa