Alicorp S.A.A. commences an Equity Buyback for 10% of its issued share capital, under the authorization approved on July 6, 2022.
July 18, 2022 at 05:49 pm EDT
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Alicorp S.A.A. (BVL:ALICORC1) commences share repurchases on July 18, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on July 6, 2022. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital. The repurchased shares will be kept in the portfolio without amortizing them for a maximum period of two years.
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.
ALICORP S.A.A. 
