Gruma, S.A.B. de C.V. (BMV:GRUMA B) announces an Equity Buyback for MXN 7,000 million worth of its shares.
July 22, 2020
Share
Gruma, S.A.B. de C.V. (BMV:GRUMA B) commences share repurchases on April 24, 2020, under the program mandated by the shareholders in the Annual General Meeting held on April 24, 2020. As per the mandate, the company is authorized to repurchase up to MXN 7,000 million worth of its shares. The authorization will be valid until the next Annual General Meeting.
Gruma, S.A.B. de C.V. is a Mexico-based food holding company. The Company is engaged in corn and flour tortilla production across the world. The Company produces wheat flour and its derivatives, such as flatbreads, wraps, chapatti, and pizza bases plus other food products. Its segments include: Corn flour and packaged tortilla division, which manufactures and distributes approximately 20 varieties of corn flour that are used mainly to produce and distribute different types of tortillas and tortilla chip products in the United States; Corn flour division, which engages principally in the production, distribution and sale of corn flour in Mexico under MASECA brand; and Other segments, which focuses on corn flour, hearts of palm, rice and other products. The Company has operations in the Americas, Europe, Asia and Oceania.
GRUMA, S.A.B. DE C.V. 
