News

12 February 2020

Quickfood S.A. delists from public offer

Perez Alati, Grondona, Benites & Arntsen advised MFG Holding SAU in the Unilateral Declaration of Will to Acquire the common shares issued by Quickfood S.A. 

On February 7, 2020, Quickfood S.A.(“Quickfood”) was delisted from the public offer of shares in Argentina by means of the Unilateral Declaration of Will to Acquire ("UDWA") launched by MFG Holding S.A.U. ("MFG"), a subsidiary of the Brazilian company Marfrig Global Foods S.A. The UDWA was launched to Quickfood minority shareholders representing 1.53% of the capital stock of Quickfood.

The UDWA was approved by MFG's Board of Directors on November 8, 2019 and authorized by the Board of Directors of the National Securities Commission ("CNV") on January 27, 2020. The price per share paid by MFG was Arg. $6.64 (approx. U$S 0.10). On February 7, 2020, all the shares belonging to Quickfood's minority shareholders were acquired for an amount of Arg. $ 58,865,120.56 (approx. US $934.366,992). The UDWA was registered with the Public Registry of Commerce on February 12, 2020.

The payment agent for the UDWA was Industrial Valores S.A.

Legal counsel to MFG Holding S.A.U. and Quickfood S.A:

In-house lawyers: Christian Romero and Graciana Carvajal.

Perez Alati, Grondona, Benites & Arntsen: Partner María Gabriela Grigioni and associates Natalia Sofía Güttner and Pablo Vidal Raffo.

Read article published in Abogados.com.ar

Read article published in Lex Latin

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