Deal #1085

Location #1

Spatial accuracy level
Administrative region
Location
Pucallpa, Perú

Target country
Peru
Comment on location
UCAYALI, Pucallpa

Land area

Intended size (in ha)
14000
Comment on land area
The deal was to purchase all the shares of Alfa Inmobiliaria SAC, owner of 15 000 ha, and to transfer back 1000 ha to this real estate agency. The land is located in Pucallpa (Central Peru's forests).

Intention of investment

Intention of investment
Biofuels

Nature of the deal

Nature of the deal
Outright Purchase
Comment on nature of the deal
Thomas Siron: transfer of shares

Negotiation status

Negotiation status
[2008] Intended (Under negotiation)
Comment on negotiation status
The purchase of 14 000 ha seems to have failed because it was announced in 2008, but transaction was subject to customary closing conditions. Pure Biodiesel expected the acquisition to close by the end of March. Then there is not available and recent information about what happened with the transaction. According to company's website (http://www.purebiofuels.com/pure_biodiesel_feedstock.php) and a recent financial analysis document (http://www.faqs.org/sec-filings/110418/PURE-BIOFUELS-CORP_10-K/), the company is not owning nor leasing lands to large-scale production, and it is purchasing soy oil from a subsidiary of Cargill.

Implementation status

Comment on implementation status
The purchase of 14 000 ha seems to have failed because it was announced in 2008, but transaction was subject to customary closing conditions. Pure Biodiesel expected the acquisition to close by the end of March. Then there is not available and recent information about what happened with the transaction. According to company's website (http://www.purebiofuels.com/pure_biodiesel_feedstock.php) and a recent financial analysis document (http://www.faqs.org/sec-filings/110418/PURE-BIOFUELS-CORP_10-K/), the company is not owning nor leasing lands to large-scale production, and it is purchasing soy oil from a subsidiary of Cargill.

Operating company

 

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Data source #1

Data source type
Research Paper / Policy Report
File
Date
2011-01-01
Comment on data source
The process of land concentration in Peru

Data source #2

Data source type
Media report
File

Data source #3

Data source type
Media report
File
Date
2008-01-01

Data source #4

Data source type
Company sources
File
Date
2009-01-01

Data source #5

Data source type
Company sources
File
Date
2010-01-01

Data source #6

Data source type
Media report
File

Data source #7

Data source type
Media report
File

Data source #8

Data source type
Media report
File

Detailed crop, animal and mineral information

Crops area
Oil Palm

Use of produce

Has domestic use
Yes
Has export
Yes

Water extraction envisaged

Water extraction envisaged
No

Overall comment

Overall comment
Import of error check - Coordinator's overview comment: Isuues with state of acquistion. Review. Import of error check - Reviewer's overview comment: same comments as previous row.

Feb. 20, 2018, 12:21 a.m.

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Feb. 17, 2016, 11:45 p.m.

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March 7, 2013, 8:03 p.m.

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Feb. 15, 2013, 5:01 p.m.

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