Overview
- Arcor and Bagley have exercised a long-standing call option to acquire the remaining 51% of Mastellone Hermanos, solidifying full ownership of Argentina’s leading dairy producer.
- The transaction, based on a 2015 agreement, was formally notified to the Comisión Nacional de Valores (CNV) on April 28, 2025, marking a significant step in Arcor's vertical integration strategy.
- Mastellone shareholders have challenged the proposed share price, claiming it does not align with the terms outlined in the 2015 agreement, and have initiated a 30-day dispute resolution period.
- If the parties fail to reach an agreement on the share price, the dispute could escalate to arbitration or judicial proceedings.
- This acquisition aligns with Arcor’s broader strategy to strengthen its position in the Argentine dairy sector and enhance its competitiveness in both domestic and export markets.