Deal #794

Location #1

Spatial accuracy level
Administrative region
Location
Ovalle, Ovalle, Coquimbo Region, Chile

Target country
Chile

Land area

Size under contract (leased or purchased area, in ha)
[2013] 800
Size in operation (production, in ha)
[2013] 800
Comment on land area
This 600 ha are of olive trees (170 000 trees, located in Ovalle, Fundo El Ingenio). In its webste, the entreprise says it wants to buy olives produced in a territory of more than 40 000 ha.

Intention of investment

Intention of investment
Food crops

Nature of the deal

Nature of the deal
Outright Purchase

Negotiation status

Negotiation status
[2001] Concluded (Contract signed)

Implementation status

Implementation status
[2005] In operation (production)

Operating company

Operating company
Comment on investment chain
Borges-Chile SA is a chilean corporation formed by Aceites Borges SA and Agronoble SA (chilean subsidiary of the spanish Olivo Noble SA-. Agronoble is responsible of the agricultural and industrial part of the project, and Borges-Chile SA is responsible of the commercial part. Aceites Borges, world leadar in this business, is the strong part of the "project", with the aim to buy all the olives of the region, and to conquest the latin american market. Borges Pont Group sell its products in 70 countries and manage 150 000 ha of diversified plantations.

 

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Data source #1

Data source type
Media report
File
Date
2009-01-01

Data source #2

Data source type
Company sources
File
Comment on data source
company website

Data source #3

Data source type
Company sources
File

Data source #4

Data source type
Company sources
File

Data source #5

Data source type
Company sources
File

Detailed crop, animal and mineral information

Crops area
Olives

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
OOL (Olive oil production)

How much water is extracted?

Comment on how much water is extracted
CHL

Overall comment

Overall comment
Import of error check - Reviewer's overview comment: The land impact doesn't seem so large, but we have to convert an area of tree plantations into an agricultural area to estimate it. 600 ha of olive trees may be equivalent to a livestock big estate. In this case, the stronger part of the contract, spanish Borges, brings the commercial capital, not the land.

April 22, 2016, 9:40 p.m.

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Jan. 21, 2016, 5:42 p.m.

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March 21, 2013, 12:22 a.m.

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Feb. 15, 2013, 5 p.m.

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