Vigor to receive non-binding offers this week; Lactalis, Danone, Saputo, Lala possibly interested - report (translated)
12 JUL 2017
Vigor [[BVMF:VIGR3], the Brazilian dairy company put on the block by J&F, will start receiving non-binding offers this week, Valor Economico reported, citing sources familiar with the matter.
According to the sources, possible parties interested in the asset include France's Lactalis and Danone [EPA:BN], Canada's Saputo [TSE:SAP] and Mexico's Lala [MX:LALAB].
Vigor had BRL 6bn (USD 1.8bn) sales in 2016, the Portuguese-language newspaper said.
J&F and Lactalis declined to comment, while Saputo and Danone said they don't comment on market rumors. Lala did not return requests for comment, the item added.