Avante increases its stake in Mafresa
Avante, formerly known as the Sociedad de Fomento de Extremadura (Sofiex), has acquired an extra 9.52% of Spain’s Mafresa, bringing its total share to 49%.
The remaining equity - 51% - has been acquired by Aragonese export company Jorge.
Based in Fregenal de la Sierra, Badajoz, Mafresa specialises in breeding, rearing and slaughtering Iberian pigs for the manufacture of meat products. The company employs 155 people and generated a turnover of more than €24m in 2009.
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