News Release

Business

FUJI OIL HOLDINGS

Notice of Changes in Investment Equity of Harald

2018.7.30

Fuji 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.
Establishment 1982
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

 

 

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