Camil pulls out of acquisition in Chile

Camil pulls out of acquisition in Chile

Corporate & Sovereign Strategy Equity M&A Brazil Chile Capital Markets

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

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial