Arcor and Danone to inject US$30 million into Mastellone Hermanos

Arcor and Danone are injecting US$30 million into Mastellone Hermanos through their joint venture, La Serenísima Unida S.A. (LSU), to settle bank debt. The contribution will be executed as an irrevocable payment toward future share subscriptions.

The move aims to strengthen Mastellone's financial position and reduce its debt stock. Recent financial statements showed a high debt structure, with total liabilities reaching 672,649 million pesos. This capital injection follows a period where the company faced a US$111 million international bond maturity, which was financed through new negotiable obligations and short-term bank loans.