Mayagüez S.A. (BVC:MAYAGUEZ) agreed to acquire 60.55% stake in CARLOS SARMIENTO L. & CIA INGENIO SANCARLOS S.A. (GYSE:SCD) on October 20, 2014. The transaction will be financed via debt. The transaction will not affect the existing agreements and working conditions. As of October 30, 2014, Mayagüez S.A. agreed to acquire 86.27% stake in Sociedad Agrícola e Industrial San Carlos as current shareholders have decided to sell an additional 25.74%. The transaction is expected to complete at the end of November 2014.

Mayagüez S.A. (BVC:MAYAGUEZ) completed the acquisition of 86.2% stake in CARLOS SARMIENTO L. & CIA INGENIO SANCARLOS S.A. (GYSE:SCD) for ECS 390 billion on January 19, 2015.