Bachoco, Mexico's leading producer and processor of poultry and other food products, announced that it has been notified by the family trust which has members of the founding family as beneficiaries, that such trust sold a portion of its shares representing 9.5 percent of Bachoco, through the Mexican Stock Exchange at market price. As a result, the family trust holds 21.25 percent of Bachoco.
The control trust, which also has members of the founding family as beneficiaries, did not participate in such transactions and, thus, continues to hold 52 percent of Bachoco.
