Casa Fuentes was sold to Finlays Extracts

Casa Fuentes S.A.C.I.F.I. ("Casa Fuentes") is the largest bulk black tea manufacturer in Argentina and a main exporter to the US market. The transaction involves the sale of 100% of Casa Fuente’s shares to the British multinational Finlays Extract Ltd (“Finlays”), a subsidiary of the Swire Group Finlays is the world leader manufacturer of tea and coffee extracts, including instant teas and flavors with all major beverage companies of the world as its clients It is the first time the Swire Group invests in Argentina Alpax acted as exclusive financial advisor to the Shareholders of Casa Fuentes