Saputo Completes Divestiture of Majority Stake in its Argentina Operations (opens original article in a new tab)

Saputo Inc. has finalized the sale of its majority stake in Argentina operations to Gloria Foods, receiving $543 million in proceeds while retaining a 20% interest.

• Saputo Inc. completed the sale of an 80% stake in its Argentina Dairy Division to Gloria Foods
• Saputo received net proceeds of approximately $543 million ($400 million USD) from the transaction
• Saputo retains a 20% ownership interest in the Argentina business