Mexico's BIMBO Pledges to Absorb Costs of Proposed Tax Hike

GRUPO BIMBO S.A.B de C.V. (BMV:BIMBO), Mexico's largest bread producer, with 2008 net sales of US$7.4 billion, announced that it would absorb the cost of a proposed 2% tax hike proposed by Mexico's government, and pledged not to raise prices and pass the cost of the tax onto consumers.