M. Dias Branco to issue more shares

by Eric Schroeder
Share This:

EUSEBIO, BRAZIL — M. Dias Branco S.A. Indústria e Comércio de Alimentos, a food processing company based in Eusebio, announced Dec. 11 it is planning a secondary stock offering valued at 600 Brazilian reals ($340 million). Based in Eusebio in east central Brazil, M. Dias had 2008 sales of 2,193 reals. Its businesses include biscuits (50% of sales), pasta manufacturing (23%), flour milling (21%) and margarine and shortening (5%). The company has 11,400 employees. The company’s market capitalization as of Dec. 11 was 4,390 million reals ($2.5 billion), and its shares recently were trading at 38.70 reals, off from the 52-week high of 41 set on Dec. 1 but still up 96% year to date.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.

The views expressed in the comments section of Baking Business News do not reflect those of Baking Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.