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Bimbo books 520 million euro impairment abroad on its Argentina, China and Morocco subsidiaries

FinanceInternationalEl Confidencial40 s readAI summary
Image: El Confidencial

Grupo Bimbo has accumulated a 520 million euro impairment abroad on its subsidiaries in Argentina, China and Morocco, according to the latest accounts of Bakery Iberian Investments, the Spanish company that channels the management of those assets, at the close of 2025. Argentina accounts for the largest loss, at 362.5 million, followed by China with 111.5 million and Morocco with close to 45 million. In Venezuela the company writes off all the money it contributes to its subsidiary.

In 40 seconds

  • The 520 million euro impairment is spread across the Argentina, China and Morocco subsidiaries, excluding Venezuela.
  • Argentina, through Alimentos Fargo, accounts for 362.5 million due to devaluation and hyperinflation.
  • China adds 111.5 million due to weak growth, falling consumption and local competition in sliced bread and packaged bakery.
Read the full story at El Confidencial

IASummary generated by artificial intelligence from a story by El Confidencial. It may contain errors: the original source prevails.

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