BOGOTA, May 13 (Reuters) - Colombian processed food
company Nutresa said it sold its 30% stake in the
country's Starbucks ( SBUX ) franchise operator to a unit of
Mexican restaurant chain Alsea.
In a statement on Monday night, Nutresa said it had signed a
contract with Alsea unit Cafe Sirena in which it agreed "to sell
all the shares in held in Estrella Andina, corresponding to 30%
of outstanding shares in the company."
Nutresa, which sells processed foods worldwide including
coffee, pasta and cookies, did not detail the value of the deal.
Neither company immediately responded to requests for more
details.
Nutresa had since 2013 held shares in Estrella Andina, the
operator of Starbucks ( SBUX ) franchises in Colombia. As of March,
Estrella Andina had 72 Starbucks ( SBUX ) stores in Colombia.
Mexico City-based Alsea has long operated franchises for
brands including Starbucks ( SBUX ), Domino's Pizza and Burger
King, across Latin America and Western Europe.