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Mexico's Bimbo plans expansion in China, Asia, Middle East

Reuters  |  MEXICO CITY 

By Sheky Espejo

MEXICO CITY (Reuters) - Mexican breadmaker Grupo plans to grow in in the short term with acquisitions, while also expanding in the rest of and entering Middle Eastern markets, the company's food business chief said on Wednesday.

Bimbo, which entered in 2006 after buying the local assets of Spanish competitor Panrico, plans to expand in through purchases of local companies, Bernardo Zermeno, the food business chief, told on the sidelines of an event in Mexico City.

"will look for a consolidation that will allow for expansion," he said.

shares were up 0.60 percent in late afternoon trading at 45.44 pesos ($2.41).

(Reporting by Sheky Espejo; Editing by Leslie Adler)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Mexico's Bimbo plans expansion in China, Asia, Middle East

MEXICO CITY (Reuters) - Mexican breadmaker Grupo Bimbo plans to grow in China in the short term with acquisitions, while also expanding in the rest of Asia and entering Middle Eastern markets, the company's food business chief said on Wednesday.

By Sheky Espejo

MEXICO CITY (Reuters) - Mexican breadmaker Grupo plans to grow in in the short term with acquisitions, while also expanding in the rest of and entering Middle Eastern markets, the company's food business chief said on Wednesday.

Bimbo, which entered in 2006 after buying the local assets of Spanish competitor Panrico, plans to expand in through purchases of local companies, Bernardo Zermeno, the food business chief, told on the sidelines of an event in Mexico City.

"will look for a consolidation that will allow for expansion," he said.

shares were up 0.60 percent in late afternoon trading at 45.44 pesos ($2.41).

(Reporting by Sheky Espejo; Editing by Leslie Adler)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
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Mexico's Bimbo plans expansion in China, Asia, Middle East

By Sheky Espejo

MEXICO CITY (Reuters) - Mexican breadmaker Grupo plans to grow in in the short term with acquisitions, while also expanding in the rest of and entering Middle Eastern markets, the company's food business chief said on Wednesday.

Bimbo, which entered in 2006 after buying the local assets of Spanish competitor Panrico, plans to expand in through purchases of local companies, Bernardo Zermeno, the food business chief, told on the sidelines of an event in Mexico City.

"will look for a consolidation that will allow for expansion," he said.

shares were up 0.60 percent in late afternoon trading at 45.44 pesos ($2.41).

(Reporting by Sheky Espejo; Editing by Leslie Adler)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22