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Mexico's Bimbo enters India by acquiring 65% stake in Ready Roti

The Mexican company did not disclose the cost of the deal

Reuters  |  Mexico City 

Mexican bread maker Grupo Bimbo said on Thursday it has entered the Indian market through a joint venture to acquire 65 per cent of shares in Indian's Ready Roti India Private Limited. The Mexican company, which moved into the African market last month with the purchase of Morocco-based Adghal, did not disclose the cost of the deal. In April, Bimbo said it plans to grow in China in the short term with acquisitions, while also expanding in the rest of Asia and entering Middle Eastern markets.

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First Published: Thu, May 25 2017. 21:08 IST