August 24, 2021 |
Switzerland's Aryzta has exited Latin America after agreeing to sell its business in Brazil to Mexico's Grupo Bimbo, a spokesperson for the Zurich-based bakery company told LatinFinance on Monday.
Arytza expects to close the sale before the end of the second quarter next year, pending regulatory approval, the spokesperson said. The spokesperson declined, however, to say how much the deal was worth.
Arytza announced the sale on August 19, calling it a "further positive step" to rebuild the compa
Swiss baker expects to wrap up the sale by the end of the second quarter next year