MONTERREY, N.L., MEXICO, Aug. 20, 2014 /CNW/ - ALFA, S.A.B. de C.V. ("ALFA") announced that it acquired 9,017,400 common shares of Pacific Rubiales Energy Corp. (the "Corporation") today on the Toronto Stock Exchange ("TSX"), at a price per share of $21 Canadian dollars, representing approximately 2.87% of the total outstanding common shares of the Corporation. As a result of this acquisition and previous acquisitions made on the TSX, ALFA now beneficially owns, directly and indirectly through a wholly owned subsidiary, 53,657,900 common shares of the Corporation, representing approximately 17.07% 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 CV
For further information: or to receive a copy of the early warning report issued in connection with this press release, please contact: Enrique Flores, VP Corporate Communications. ALFA, S.A.B. de C.V. Ave. Gómez Morín 1111, Sur Col. Carrizalejo, San Pedro Garza García, N.L. C.P. 66254, Mexico, Tel. +52 (81) 8748-1207, firstname.lastname@example.org