15 January 2008 - Integralat Agro-negócios Ltda, a subsidiary of Laep Investments, the Brazilian group which also owns Parmalat, has signed a letter of intent to purchase all shares of Uruguayan company Mayoria S/A, owner of the El Calden cattle breeding facility, Laep has announced in a statement.
The move, combined with the recent acquisition of Fazenda Santo Antonio, in the Brazilian state of Minas Gerai, will help the group towards its aim of expanding production and developing an integrated cattle, milk and dairy products manufacturing business.
The transaction is subject to the completion of due diligence.