ALFA Announces Acquisition of Common Shares of Pacific Rubiales Energy
MONTERREY, N.L., MEXICO, May 20, 2014 /CNW/ - ALFA, S.A.B. de C.V. ("ALFA") announced today that it has acquired 97,700 common shares of Pacific Rubiales Energy Corp. (the "Corporation") representing approximately 0.0312% of the total outstanding common shares of the Corporation. The common shares were acquired through a market purchase on the Toronto Stock Exchange at a price of $18.43 Canadian Dollars per share. As a result of this acquisition, ALFA beneficially owns, directly and indirectly through a wholly owned subsidiary, 31,437,700 common shares of the Corporation, representing approximately 10.03% of the total outstanding common shares of the Corporation.
The common shares of the Corporation were acquired by ALFA for investment purposes. ALFA may, from time to time, increase or decrease its ownership of or control over securities of the Corporation in response to market conditions, the business and prospects of the Corporation or other factors.
ALFA is the largest independent producer of aluminum engine components for the automotive industry in the world, and one of the world's largest producers of polyester (PTA, PET and fibers). In addition, it leads the Mexican market in petrochemicals such as polypropylene, expandable polystyrene and caprolactam. It is the leading maker of processed meats in North America, and of cheese in Mexico, as well as a leading company in information technology and communications services for the business segment in this country. Since 2006, it participates in the hydrocarbon industry in the U.S. In 2013, ALFA reported revenues of Ps. 203,456 million (U.S. $15.9 billion), and EBITDA of Ps. 24,534 million (U.S. $1.9 billion). Currently, ALFA has manufacturing operations in 18 countries and employs 61,000 people. ALFA's shares are quoted on the Mexican Stock Exchange and on Latibex, the market for Latin American shares of the Madrid Stock Exchange.
SOURCE ALFA, S.A.B. de CVFor further information: Enrique Flores R., VP Corporate Communications, ALFA, S.A.B. de C.V., Phone # +52 (81) 8748-1207, firstname.lastname@example.org