Allana Group denies link with Salic

The Indian group Allana, which was introduced by Minerva as the buyer of Establecimientos Colonia if the purchase of three Marfrig slaughterhouses by Minerva is approved, denied any relationship with the Saudi investment group Salic, which holds a large equity stake in Minerva itself. A link between Allana and Minerva through Salic would complicate the possibility of Uruguay’s Commission for the Defense of Competition approving the transaction—already rejected previously on the grounds that having all three plants owned by Minerva would create a high concentration of demand for slaughter cattle.