The Argentine business group Perez Companc may end its activity in the meat sector in Uruguay Since the Commission for the Promotion and Defense of Competitionbelonging to Ministry of Economy and Finance (MEF), authorized the sale of the San Jacinto refrigerator to the Urgal familyowner of the Pando refrigerator.
The resolution was signed on December 26, Monitor Ganadero reported and MEF sources confirmed to Blasina y Asociados. Now only the usual processes between the parties for this type of operations remain.
The amount of the sale operation is not known yet, but in October when the rumors of a sale by Pérez Companc began, it was mentioned that the purchase option would be about 150 million dollars, although that version included the agricultural and livestock company. Garmet.
During last year, in the local slaughter market, the Pando slaughterhouse had a 7.4% share, with 171,228 cattle, while San Jacinto had 4%, with 92,185 head.
Last year, the Argentine business group’s slaughterhouse had the second largest participation in sheep slaughter, with 19.2% of the total industrialized (269,548 heads processed).
It is worth remembering that Pérez Companc has almost a century of experience precisely in livestock businesses linked to the sheep sector, which he initially developed in the Patagonia Argentina.
Once the acquisition of San Jacinto by the Urgal family was confirmed, it would begin to have agribusiness in cattle, sheep and pigs since in 2022 it purchased the company’s assets. The Constancytogether with the Spanish group Valls Companys.
Source: Ambito
