With this new company, Latibex will increase its sectorial diversification and list 32 stocks from 7 Latin American countries, namely, Argentina, Brazil, Chile, Mexico, Panama, Peru and Puerto Rico. Latibex will thus consolidate itself as the third biggest market for Latin American stocks in terms of market capitalisation.
Sadia is Brazil’s biggest food company and one of the most representative of Latin America, with a market capitalisation of €1bn. The company operates 11 factories in Brazil and employs 40,000 people. It is the Brazilian leading company for frozen and refrigerated proteins, margarine, chicken, turkey and pork.
“The company intends to share its growth potential with European investors and Latibex offers the best access to them”, said Luiz Gonzaga Murat, the company’s CFO. Sadia has a strong international character as around 50% of its revenues come from its exports, the European market accounting for over 30% of them.
On November 15, Luiz Gonzaga Murat will present the company to investors, analysts and the media. The event will take place at the Bolsa de Madrid at 12:30 pm. After the presentation the company will start trading its preferred stock on Latibex. These shares offer priority for dividend payments, whose return is 10% higher than that offered by common stock.
Sadia will become part of the FTSE All Share Index, which includes all the companies listed on the market. The dissemination of this index is made in collaboration with FTSE, a company which draws up and disseminates indices.
