Tranche Update on Gruma, S.A.B. de C.V. (BMV:GRUMA B)'s Equity Buyback Plan announced on July 22, 2022.
February 23, 2023 at 03:04 am EST
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From October 1, 2022 to December 31, 2022, the company has repurchased 954,832 shares, representing 0.26% for MXN 221.33 million. With this, the company has completed the repurchase of 5,398,865 shares, representing 1.44% for MXN 1,270.99 million under the buyback announced on July 22, 2022.
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. 
