Pipasa negotiating to buy Nicaraguan company for $24 million

The Costa Rican company Pipasa, owned by Rica Foods, has signed a non-binding letter of intent to buy Industrias Avícolas Integradas S.A. (Indavinsa) of Nicaragua.

Friday, June 27, 2008

Indavinsa is a producer of poultry products and poultry feed concentrates. It has 17 farms and nine distribution centers.
The two companies already have trade relations, since Pipasa has been the main provider of day-old chicks to Indavinsa.
The negotiations are being carried out through the company Sama Valores, which controls 96 percent of Indavinsa's share capital.

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