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Mexico's Sigma buying more Campofrio shares

Wednesday, January 8, 2014

Mexican frozen food company Sigma Alimentos has been buying up further shares in Spain's Campofrio Food Group at prices equal to or below the $9.38 a share it had publicly bid for the company.

Sigma, which had 45 percent of Campofrio when it reached a deal last month with China's Shuanghui International Holdings to take shared ownership of Campofrio, said it has bought an additional 547,391 Campofrio shares since Dec. 31.

The firm added it will continue to buy Campofrio shares in the market.

Source: Reuters