2018.7.30Notice of Changes in Investment Equity of HaraldFuji Oil Holdings Inc. (hereinafter called the Group) acquired all (including indirect ownership) the equity interest of Brazilian consolidated subsidiary HARALD INDÚSTRIA E COMÉRCIO DE ALIMENTOS S.A. (hereinafter called Harald) ,purchased the equity stake of about 16.5% from Mr. Ernesto Neugebauer on July 27, 2018.
Harald will continue to aim for further growth in the industrial chocolate market as the Group's Latin American strategic base by utilizing the Group's global synergy and technology of oils & fats. By leveraging Harald's sales channels and strong brand power, we will strengthen the system to provide our products to customers and continue to meet the needs of our customers and the market.
Outline of Harald
|Company name||HARALD INDÚSTRIA E COMÉRCIO DE ALIMENTOS S.A.|
|Representative||Ernesto Neugebauer, President and CEO|
|Location||Estrada Tenente Marques, 5.555, Vila Poupança, 3° andar Santana de Paraíba, São Paulo, Brasil|
|Capital||178 million BRL|
|Business||Development, manufacture and sale of industrial chocolate|
|Shareholders||FUJI OIL HOLDINGS INC. 99.86%
FUJI VEGETABLE OIL, INC. 0.14%
Impact on results for the current business year
The impact on consolidated results for this term will be slight.
End of report