News

31 January 2019

PAGBAM advised Molinos Río de la Plata S.A. in the acquisition of 100% of the shares of La Salteña S.A.

PAGBAM advised Molinos Río de la Plata S.A. (“Molinos”) in the acquisition of 100% of the share capital of La Salteña S.A. (“La Salteña”). The sellers were General Mills Canada Holding Three Corporation, General Mills International Businesses, Inc., and General Mills Argentina L.S. L.L.C.

La Salteña is a top marketer of fresh pasta and high quality refrigerated dough used in traditional Argentinean baked goods, while Molinos is one of the strongest local companies in the Argentinian food industry. This acquisition means for Molinos the entrance to the businesses of refrigerated tapas for empanadas and tartas and of fresh pasta.

The transaction required intensive planning, substantial due diligence, the drafting of a non-binding offer, and a heavily negotiated share purchase agreement, among other transaction documents.

The value of the deal, which was signed on January 15, 2019 and closed on January 28, 2019, was not disclosed by the parties.

Legal Advisers:

For Molinos:

Pérez Alati, Grondona, Benites & Arntsen:

Partners Eugenio Aramburu, Luis D. Barry and Enrique Betemps, Counselors Tomás Perez Alati and Pedro Menendez San Martin and associates Estefanía Balduzzi, Victoria Diez and Max Ungerer.

In-house:

Ana Carina Turco Grecco, Sofía Fernandez Quiroga and Victoria Valenti

Read article published in Abogados.com.ar

Read article published in Lex Latin

Subscribe to our Newsletter

Stay updated by receiving our Legal News Alert that will provide you, in a quick and simple way,
with the latest regulatory changes as well as the most relevant news.

Subscribe

* indicates required
I hereby give my free and informed consent for the collection, processing, storage and/or use of my personal data (the "Personal Data") by Pérez Alati, Grondona, Benites & Arntsen. I understand that all assignment and/or transfer of my Personal Data will be made in full compliance with Law No. 25,326 and complementary regulations. The delivery of my Personal Data is voluntary. I understand that, as the owner of the Personal Data, I have the right to exercise, free of charge, the right of access, rectification or deletion of my Personal Data pursuant to Section 14, subsection 3 of Law No. 25,326 (as amended), by communicating to the following e-mail address news@pagbam.com. The AGENCY FOR ACCESS TO PUBLIC INFORMATION, Control Body of Law No. 25,326, has the power to deal with complaints and claims filed by those affected in theirs right due to breach of the Personal Data legislation in force.
You must fill the checkbox to suscribe.