Covering the Mexican Economy, Actinver Research

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Covering the Mexican Economy

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Equity Bottom-Up

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<li>Grupo Bimbo’s claim is based on the acquisition of Canada Bread Company from Maple Leaf Foods (MFI CN, not covered).</li>
<li>Bimbo is seeking over CAD$2bn for alleged fraudulent practices, as Canada Bread has been impacted since 2017 due to a price-fixing investigation within the commercial bread industry by the Competition Bureau.</li>
<li>Subsequently, Canada Bread paid a CAD$50mn fine in 2023.</li>
</ul>


Grupo Bimbo’s claim is based on the acquisition of Canada Bread Company from Maple Leaf Foods (MFI CN, not covered).
Bimbo is seeking over CAD$2bn for alleged fraudulent practices, as Canada Bread has been impacted since 2017 due to a price-fixing investigation within the commercial bread industry by the Competition Bureau.
Subsequently, Canada Bread paid a CAD$50mn fine in 2023.


Actinver Research - Mexico Equity Research: Bimbo files statement of claim against Maple Leaf Foods

Grupo Bimbo SAB de CV

Actinver Research - Mexico Equity Research: Bimbo files statement of claim against Maple Leaf Foods