Vigor incorporates subsidiary to gain efficiency
Vigor has announced to the market that it will incorporate S.A. Fábrica de Produtos Alimentícios Vigor, its subsidiary, in an attempt to streamline administration and make it more efficient. The proposal will be submitted for approval by the shareholders at an extraordinary general meeting to be held on December 28, in São Paulo.
In a statement to Brazil's securities commission (CVM), the company said, "The merger will simplify the company's corporate structure, reducing operating costs and making administration more efficient, which will serve the interests of its shareholders."
Information provided by Valor Econômico