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Grupo Bimbo, a Mexican bakery company, has proposed to acquire 100% of Modern Food Enterprises Private Limited from Everfoods Asia Pte. Ltd. The acquisition will give Grupo Bimbo a foothold in the Indian bread and bakery segment.
“With the proposed transaction, Grupo Bimbo will have a strong foothold in the Indian bread and bakery segment.”jsalaw.com
Summarized from public sources; check the original articles before acting on it.