April 11, 2022 |
Brazilian food company Camil said it has pulled out of the planned acquisition of the LDA pet food brand from Chilean agribusiness Iansa, but it did not say why, according to a securities filing.
Iansa announced in January 2020 that it had agreed to sell LDA to Camil subsidiary Empresas Tucapel for CLP37 billion ($45.4 million), including a plant in Santiago.
Since raising BRL1.32 billion ($280 million) in an initial public offering (IPO) in 2017, Camil has announced deals to buy local rival SLC
Brazilian food company does not say why it has given up on buying Iansa's pet food business