In the light of reports on nationalisation of slaughterhouses in Venezuela we
wish to inform as follows based on information from sources in the food
industry as well as the local press in Venezuela:
1.The Venezuelan state has purchased a dairy business (Los Andes) with an
installed capacity of fresh milk equivalent to approx. 35 per cent of the
installed capacity in the country.
2.The state has purchased a cold storage company, CEALCO, which operates a
number of cold storage facilities used by the meat industry.
3.The state is said to be considering the purchase of a manufacturer within
feedstuff, egg and chicken - but no further information is available.
4.Finally, last year the state purchased two cattle slaughterhouses with a
very large installed capacity. However, due to limited supplies of cattle, the
capacity is not being fully utilised.
In each case the sale to the state has been on commercial conditions. None of
the transactions are expected to have any significant effect on the market
segments addressed by EAC's subsidiary, Plumrose Latinoamericana C.A.
Yours sincerely,
The East Asiatic Company Ltd. A/S
(A/S Det Østasiatiske Kompagni)
For additional information, please contact:
President & CEO Niels Henrik Jensen
+45 3525 4300, +45 2023 2188 (mobile)
nhj@eac.dk
Group CFO Michael Østerlund Madsen
+45 3525 4300, +45 2041 0957 (mobile)
mom@eac.dk
www.eac.dk
This English version is provided for convenience only and in case of
discrepancy the Danish version shall prevail.
