Pérez Alati, Grondona, Benites & Arntsen has advised Quickfood S.A. (“Quickfood”), an Argentine subsidiary of BRF SA, on the issuance of shares at a nominal value of ARS $ 437,458,659.
Quickfood, one of the biggest and most important companies dedicated to the elaboration and commercialization of processed foods with brand, increased its capital stock to capitalize irrevocable contributions of its controlling shareholder, BRF SA, also offering Quickfood’s shareholders the subscription of new shares to be paid in cash. As a result, 433,174,585 new shares were issued. The new shares were subscribed at ARS $ 2.17, with a nominal value of ARG $ 1 and a premium of ARS $ 1.17. Thus, the total amount of capitalization was ARG $ 939,919,030.53 (US$ 26.108.861) one of the most important capitalization process in listed companies in Argentina.
The issuance was completed on October 22, 2018.
Counsel of the transaction
Pérez Alati, Grondona, Benites & Arntsen: Partner María Gabriela Grigioni and associate Natalia Sofía Güttner
Counsel to Quickfood S.A. In-house counsel: Carolina Blanco and Graciana Carvajal
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