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-___________.
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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 4, 1999 By /s/ Ernesto Vega Velasco
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(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 negotiations with Bachoco
regarding the sale of registrant's poultry business........... 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
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POULTRY AND ANIMAL FEED BUSINESS
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MEXICO CITY, Mexico, November 3, 1999 -- DESC, S.A. de C.V. (NYSE: DES;
BMV: DESC) today announced that pursuant to its strategy in the food sector to
focus on branded products, Desc is conducting a private auction process to sell
its poultry and animal feed business, Grupo Campi S.A. de C.V.
JP Morgan is acting as agent in this transaction and has received
several bids. Among them, is one from Industrias Bachoco S.A. de C.V. (NYSE:IBA;
BMV:BACHOCO). Terms and conditions are currently being negotiated with this
Company. More information on the transaction will be made public once the final
agreements have been signed.
This transaction will be subject to approvals by the corresponding
Government authorities as required by law.
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