Mexican conglomerate Alfa is discussing the option of an initial public offering for its processed food unit Sigma Alimentos with Citibank, Goldman Sachs, Bank of America – Merrill Lynch, and Banorte-lxe. Sigma, which sells dairy and meat products with operations in Costa Rica, the U.S., Mexico, El Salvador, Peru, and the Dominican Republic generated one quarter of Alfa’s $1.85 billion earnings in 2012. According to industry insiders, Sigma competitor Lala, one of the world’s biggest dairy firms also plans to raise $700 million in an offering on the Mexican stock exchange in the second half of October.
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