Tranche Update on Alicorp S.A.A.'s Equity Buyback Plan announced on July 18, 2022.
February 15, 2023
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From October 1, 2022 to December 31, 2022, the company has repurchased 86,689,549 shares, representing 10.48% for PEN 565 million. With this, the company has completed the repurchase of 113,030,515 shares, representing 13.56% for PEN 715 million under the buyback announced on July 18, 2022.
Alicorp SAA is a Peru-based company engaged in the food processing industry. The Company operates through four business segments: Massive Consumption, Industrial Products, and Nutrition for Animals, and Others Services. The Companyâs activities include the production, packaging and distribution of a variety of oils, pastas, flour, cookies, sauces, instant soft drink powders, pet food and Omega-3 fatty acid, among others. It is also involved in the manufacture and sale of cosmetics, personal care and cleaning products. The Companyâs products are marketed nationwide, as well as exported to Chile, Bolivia, Colombia, Ecuador, Venezuela, Haiti, Guatemala, Costa Rica, the United States, the Dominican Republic, Nicaragua, Canada, Panama, Mauritius, Curacao, China, the Bahamas, Norway, Japan and Honduras.