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BRIEF-Organto Foods proposes JV with private firm in Mexico

Published 2016-06-21, 09:23 a/m
© Reuters.  BRIEF-Organto Foods proposes JV with private firm in Mexico
OGO
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June 21 (Reuters) - Organto Foods Incorporated OGO.V
* Entered into LOI for a new food and agricultural joint
venture with privately owned real estate investment management
firm in Mexico
* Would own 50 pct and a private investor would own 50 pct
of outstanding class a shares of Organto Mexico
* Says joint venture would seek to form pooled investment
funds to acquire or rent farmland and/or land reserves

Source text for Eikon: ID:nCCN2jP7S2
Further company coverage: OGO.V

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