Deal #7832

Location #1

Spatial accuracy level
Approximate location
Location
San Miguel de Tucumán, Tucumán, Argentina

Facility name
Finca Santa Clara
Target country
Argentina
Comment on location
The acquisitions area is located on the Santa Clara city, belonging to the province of Tucuman.

Land area

Size under contract (leased or purchased area, in ha)
[2019-05-31] 485
Comment on land area
The area is located in Colonia Santa Clara, Tucuman province; productive area for citrus plantations (lemons).

Intention of investment

Intention of investment
[2019-05-31] Food crops (485 ha)
Comment on intention of investment
Planting and production fresh citrus, packaging and export.

Nature of the deal

Nature of the deal
Outright Purchase

Negotiation status

Negotiation status
[2019-05-30] Concluded (Contract signed)
Comment on negotiation status
The firm FGF TRAPANI SA notified the LIMONEIRA COMPANY of an irrevocable offer of a framework agreement, which describes the basic guidelines of the proposed relationship; This offer was accepted by the LIMONEIRA COMPANY on May 30, 2019, the date on which the Joint Venture contract was signed.

Implementation status

Implementation status
[2019-05-30] Startup phase (no production)

Operating company

Operating company
Name of investment project
Trapani Fresh
Comment on investment chain
Trapani Fresh comprises a Joinnt Venure between the participation of the firm LIMONEIRA COMPANY with FIFTY-ONE PERCENT (51%) and the firm FGF TRAPANI S.A. with a FORTY-NINE PERCENT (49%). The TRAPANI FRESH Cooperation Consortium aims at production by itself or by third parties of fresh citrus, its packaging and export, with a view to allowing the development of new markets, the increased production of the farm, improvement of distribution systems and technical capacity export oriented.

 

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Data source #1

Data source type
Media report
Publication title
Limoneira completa joint venture y compra de tierras en Argentina
Date
2019-05-31

Data source #2

Data source type
Media report
Publication title
Limoneira entra en joint venture con empresa citrica argentina
Date
2019-02-04

Data source #3

Data source type
Media report
Publication title
Desembarca la mayor exportadora de cítricos del mundo: compra fincas y se asocia con una firma argentina
Date
2019-02-04

Data source #4

Data source type
Media report
Publication title
Una mega empresa de California desembarca en la limonera tucumana Trapani
Date
2019-02-04

Data source #5

Data source type
Media report
Publication title
Una citrícola de California desembarca en Argentina
Date
2019-02-05

Data source #6

Data source type
Media report
Publication title
En sociedad con la firma tucumana FGF Trapani, desembarca en el país la mayor exportadora de cítricos del mundo
Date
2019-02-07

Data source #7

Data source type
Government sources
File
Publication title
Dictamenes y Resoluciones del Gobierno de Argentina
Date
2019-09-30

July 29, 2020, 10:34 p.m.

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