Mexico's Alfa buys 37 pct of shares in Campofrio for US$354 mln

Mexican conglomerate Alfa said on Wednesday it had acquired 37 percent of the shares in Campofrio Food Group for US$354 million from WH Group.

Alfa said in a statement the transaction would enable it, along with Sigma Alimentos SA de CV, to control 100 percent of the shares in Campofrio.

Alfa said it would hold onto its stake temporarily, and would later sell it to Sigma.