31 March 2008 - Lacteos do Brasil S/A, a LAEP Investments Ltd subsidiary, has signed a memorandum of understanding concerning the acquisition of Montelac Alimentos S/A's milk and dairy processing and distributing operations, LAEP has announced in a statement.
The transaction is subject to the completion of due diligence.
LAEP Investments is a dairy company with interests in the biscuit and beverage sectors. LAEP owns Parmalat Brasil, which it acquired in May 2006.