Alicorp completes sale for $us 173 million of its milling business in Bolivia, Peru and Uruguay

Alicorp, a leading mass consumption company, with presence in several countries in the region, announced that today 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 the shares of Industrias de Aceite SA (IASA), as well as other related companies.

The enterprise value for 100% of the shares amounts to around 173 million dollars. According to the report sent by the company to the Bolivian Stock Exchange, The exact amount is $us 172,817,004 “subject to normal adjustments in this type of operations, and that includes an amount of up to $us 27,817,004 for deferred payments associated with certain obligations of the buyers, which is expected to be received in the next 18 to 24 months.

The sale of the milling business aligns with Alicorp’s corporate strategy of strengthen your consumer business massive, which will operate in Bolivia under the corporate name Industria y Comercio Aliconsumo SA maintaining its brand identity under the Alicorp name.

In this way, the company continues to be present in the national market with a broad portfolio of food, personal and home care brands, including Fino oil, Gordito and Karina butter, Don Vittorio pasta, Regia margarine and the home care products Bolívar, UNO, Patito and Sapolio, whose preference is consolidated in Bolivian families.