Smithfield Foods May Up Campofrio Stake

Smithfield Foods, the largest shareholder of Spanish food group Campofrio, is mulling a bid for all the shares it does not already own, Reuters reported. Together, Smithfield and Campofrio chairman Pedro Ballve control just under 50% of the company, Reuters said. Campofrio's other core shareholders include Los Angeles-based private equity firm Oaktree Capital, which owns about 24%.

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