Brazilian Investor Becomes Majority Owner of Spain’s Hevo Group
Spain-based egg producer Hevo Group has a new majority owner in the shape of Brazilian investor Ricardo Fario.
He has taken over ownership of the business from Madrid-based Cleon Capital and other backers including Austria’s Yana Investment Partners.
Financial terms were not disclosed, although one Spanish media source suggested a transaction figure of €120m ($126.9m).
Fario is also a shareholder of one of the largest egg producers in Brazil, Granja Faria, which he founded.
In a statement issued today (13 November), Guadalajara-based...
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