Gloria gobbles up Soprole

Gloria gobbles up Soprole

M&A Chile Peru

Peru's Grupo Gloria agreed to buy Chilean dairy producer Soprole, more than a year after New Zeland's Fonterra Co-operative Group put the company up for sale. Gloria agreed to acquire Santiago-based Santiago-based Soprole for $210 million and pay off its debt to Fonterra, according to a securities filing. Fonterra, the world's largest dairy exporter, said the deal would cost Gloria a total of CLP591 billion ($627 million), including Soprole's equity and debt. The final price will reflect capital

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