Camil Alimentos S.A. (BOVESPA:CAML3) signed a letter of intent to acquire Pastifício Santa Amália S.A. from Alicorp S.A.A. (BVL:ALICORC1) and Alicorp Inversiones SA for BRL 260 million on August 16, 2021. The transaction´s enterprise value is BRL 410 million. Camil Alimentos S.A. will also assume ownership of debt of BRL150 million of Pastifício Santa Amália S.A. For the year ended on December 31, 2020, Santa Amália reported EBITDA of BRL 39 million.

The transaction is subject to approval by the Administrative Council for Economic Defense (CADE) in Brazil. The transaction is approved by the Administrative Council for Economic Defense (CADE) in Brazil. Claudio Oksenberg, Thaís Gasparian Moraes, Luca Codazzi Corrêa de Mendonça, Pedro Andreoli Hirata and Letícia Pereira Dana.

of Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados acted as legal advisors to Alicorp Inversiones SA, Alicorp S.A.A. and Pastifício Santa Amália S.A. Cammarota de Abreu, Claudio de Abreu, Gisela Pires Foz de Barros, Ana Carolina Calvo Tibério and Patricia R. S. de Brito Pereira Leite of Cammarota & Abreu acted as legal advisors to Camil Alimentos S.A.