Bimbo to Buy Canadian Bakery Saputo

Mexico's Grupo Bimbo SAB de CV (BIMBOA.MX), the world's No. 1 breadmaker, has agreed to buy the bakery division of Saputo Inc (SAP.TO) in its second Canadian purchase this year.

Bimbo subsidiary Canada Bread Company Ltd will pay C$120 million ($103.38 million) for Montreal-based Saputo's bakery, subject to conditions, including the approval of Canada's Competition Bureau, Saputo said on Thursday.

The business includes one manufacturing . . .

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