The Costa Rican company has agreed for the Stock Exchange Commission to revoke its registration, resolving an accusation of financial fraud.
In the elNuevoHerald.com it is reported that "Rica Foods, a poultry processor and feed producer based in Miami, and its former executive director resolved the case of financial fraud presented by the Stock Exchange Commission (SEC).
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.
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.