Mondelēz clarifies that Bimbo will pay the taxes for the sale of Ricolino

Mondelēz International clarified that taxes on more than six billion pesos generated by the sale of Ricolino will be paid by Bimbo to the Tax Administration Service (SAT). This, by virtue of the fact that the Mexican company is the selling party.

“We want to specify that, as in all operations of this type, the payment of taxes for the purchase and sale of Ricolino and its brands to Mondelēz Internacional, It is done by the seller. in this case, Grupo Bimbo,” the company said in a brief statement.

On November 29, the president Andres Manuel Lopez Obrador posted on his account Twitter details of the meeting he had with the president and director of Mondelēz International, Dirk Van dePutin the National Palace.

In the tweet, he assured that Mondelēz would pay more than six billion pesos in taxes for this operation.

Given this information, the company clarified that it is the selling party that must pay the taxes and not the buyer.

Regarding the meeting of his director with López Obrador, pointed out that it was “cordial and very fruitful”, In addition, he reiterated his commitment to the country “to continue generating quality and competitive jobs for thousands of Mexicans, as he has been doing for 95 years.”

On November 1, Mondelēz International completed the purchase of Productos Ricolino and its brands, after obtaining the approval of the Federal Economic Competition Commission (Cofece).

The operation was signed in April for an amount of 27 billion pesos. The closing of the acquisition does not include Ricolino’s brands and business in Nicaragua and Honduras, which Bimbo has agreed to keep separate and not sell unless regulatory approval is granted in those jurisdictions, Mondelēz said in a statement.

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With the purchase, the multinational integrates brands such as Clown Palette, Dulces Vero, Panditas, Duvalín, Raisins, Cajeta Coronado, Chocolates La Corona and others.

Mondelēz stated that will offer the portfolio of leading brands in the categories of gums and candies, cookies, chocolate, gummies, bonbons, spicy sweets, cream cheese, caramel and caramel-based candies.

The purchase considers a team of 6 thousand 300 people, six floors and a distribution platform with more than 3,000 routes that reach 600,000 points of sale.

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