- The transfer was made in favor of ASAI Capital Holdings Ltd.
- Alicorp will focus its strategy on strengthening its Consumer Goods business in Bolivia.
Alicorp, a leading consumer goods company with a presence in several countries in the region, announced today that it closed the sale transaction of its milling business in Bolivia, Peru and Uruguay, transferring it in its entirety to ASAI Capital Holdings Ltd.
This holding company now owns all of the shares of Industrias de Aceite S.A. (IASA), as well as other related companies.
The enterprise value of 100% of the shares amounts to approximately 173 million dollars. According to the report submitted by the company to the Bolivian Stock Exchange, the exact amount is USD 172,817,004 “subject to normal adjustments in this type of operations, and which includes an amount of up to USD 27,817,004 for deferred payments associated with certain obligations of the buyers, which are expected to be received in the next 18 to 24 months.”
The sale of the Grinding business is in line with Alicorp's corporate strategy to strengthen its Mass Consumption business, which will operate in Bolivia under the corporate name Industria y Comercio Aliconsumo S.A., maintaining its brand identity under the name Alicorp.
In this way, the company remains present in the national market with a broad portfolio of food, personal care and home brands, including FINO oil, Gordito and Karina butter, Don Vittorio pasta, Regia margarine and Bolívar, UNO, Patito and Sapolio home care products, whose preference is consolidated in Bolivian families.