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Greylock Capital interested in acquiring Alco

Greylock Capital muestra interés en adquirir Alco

Intel ID : 245293
Synopsis

Greylock Capital, a New York, US-based investment company, is said to be interested in acquiring Argentine brand of canned foods Alco from Grupo Canale, owned by the Carballo family, reported Los Andes on 13 February 2017, citing sources familiar with the negotiations.

According to the report, the signing of the agreement between the Carballo family and Greylock is expected in March.

Alco has been in a financial crisis for over six years, which led it to bankruptcy proceedings, and has a debt with the government of the province of Mendoza of around USD 7m, the report stated.
(content in spanish)

Greylock Capital, empresa inversora con sede en Nueva York, Estados Unidos, estaría interesada en adquirir la marca argentina de alimentos enlatados Alco a el Grupo Canale, propiedad de la familia Carballo, ha publicado Los Andes el 13 de febrero de 2017, citando a fuentes cercanas a las negociaciones.

Según lo publicado, la firma del acuerdo entre la familia Carballo y Greylock se esperaría en marzo.

Alco se encuentra en una crisis financiera hace más de seis años, cuando ha llegado a un concurso de acreedores, y tiene una deuda con el gobierno de la provincia de Mendoza de unos USD 7m, de acuerdo con la información.

Bidder

Greylock Capital
United States

Target

Alco
Argentina

Seller


Intel ID 245293
Value ND
Native Currency Argentine Peso (ARS)
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Industry / Food (Primary)
Services and Distribution / Food and Beverage
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Industry / Food (Primary)
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