UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of November, 1999
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DESC, S.A. DE C.V.
(Translation of registrant's name into English)
PASEO DE LOS TAMARINDOS 400-B, BOSQUES DE LAS LOMAS, 05120 MEXICO, D.F., MEXICO
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F. Form 20-F [X] Form 40-F [ ]
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-___________.
NY2:\847298\01\$5S201!.DOC\41150.0012
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Desc, S.A. de C.V.
(Registrant)
Date: November 8, 1999 By /s/ Ernesto Vega Velasco
---------------- ----------------------------------
(Signature)*
Name: Ernesto Vega Velasco
Title: Chief Financial Officer
* Print the name and title under the signature of the signing officer.
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EXHIBIT INDEX
Sequential
Item Page Number
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1. Press Release announcing execution of definitive
agreements for sale of registrant's poultry and animal
feed business to Bachoco ............................... 4
3
Exhibit 1
[Desc Logo] FOR IMMEDIATE RELEASE
Contact: DESC
Arturo D'Acosta Ruiz
Mariana Alvarez Neder
011 525 261 8000
[email protected]
- or -
CITIGATE DEWE ROGERSON
Mikhal Stein
305 381 6500
[email protected]
DESC S.A. DE C.V. ANNOUNCES NEGOTIATIONS TO SELL ITS
----------------------------------------------------
POULTRY AND ANIMAL FEED BUSINESS
--------------------------------
MEXICO CITY, Mexico, November 5, 1999 -- DESC, S.A. de C.V. (NYSE: DES;
BMV: DESC) announced today that it has entered into a definitive agreement with
Industrias Bachoco S.A. de C.V. (NYSE:IBA; BMV:BACHOCO UBL), to sell 100% of the
shares of Grupo Campi, S.A. de C.V., its poultry and animal feed business.
Bachoco submitted the most attractive offer during a competitive sale process.
The total amount paid for Grupo Campi is US$155 million, which included
approximately US$27 million in net debt. Proceeds from the sale will be mainly
used to pay down debt related to the purchase of Authentic Specialty Foods,
Inc., held in June 1998.
DESC S.A. DE C.V.
PASEO DEL LOS TAMARINDOS 400-B
BOSQUES DE LAS LOMAS
05120 MEXICO D.F.
WWW.DESC.COM.MX
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