News

1 November 2018

PAGBAM leads Quickfood S.A. shares issuance

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

Read article published in Abogados.com.ar

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.