June 21, 2016 / 1:27 PM / a year ago

BRIEF-Organto Foods proposes JV with private firm in Mexico

June 21 (Reuters) - Organto Foods Incorporated

* Entered into LOI for a new food and agricultural joint venture with privately owned real estate investment management firm in Mexico

* Would own 50 pct and a private investor would own 50 pct of outstanding class a shares of Organto Mexico

* Says joint venture would seek to form pooled investment funds to acquire or rent farmland and/or land reserves Source text for Eikon: Further company coverage:

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