Deal #910

Location #1

Spatial accuracy level
Administrative region
Location
Lambayeque, Perú

Target country
Peru
Comment on location
Lambayeque

Land area

Size under contract (leased or purchased area, in ha)
[2016] 6500
Size in operation (production, in ha)
[2016] 5500

Intention of investment

Intention of investment
Biofuels, Food crops, Industry

Nature of the deal

Nature of the deal
Outright Purchase

Negotiation status

Negotiation status
[2007] Concluded (Contract signed)

Implementation status

Implementation status
[2007] In operation (production)

Operating company

Comment on investment chain
Like other sugar producers, Industrial Pucalá S.A. involves two enterprises, one for the cultivation of sugar cane (Agropucala SA) and one for its transformation in sugar and alcohol (Industrial Pucala SAC). Pucala was a hacienda, converted in cooperative in 1970 and was beeing privatized from 1999 to 2005. Pucala is administred by Consorcio Líder Azucarero del Norte (CLAN), which is part of the Huancaruna Group (big coffee exportator). There is a conflict for the control of Agro Pucala and about the purchase of 51,42% of Scotiabank's shares by Huancaruna.

 

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Data source #1

Data source type
Research Paper / Policy Report
File
Date
2009-01-01
Comment on data source
"La gran propiedad vuelve al campo", in: La Revista Agraria n°107, CEPES (Centro Peruano de Estudios Sociales), May 2009

Data source #2

Data source type
Company sources
File

Data source #3

Data source type
Media report
File
Date
2007-01-01

Data source #4

Data source type
Research Paper / Policy Report
File

Data source #5

Data source type
Company sources
File

Data source #6

Data source type
Company sources
File

Data source #7

Data source type
Company sources
File

Data source #8

Data source type
Company sources
File

Data source #9

Data source type
Government sources
File

Data source #10

Data source type
Media report
File

Detailed crop, animal and mineral information

Crops area
Sugar Cane

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
AGF (Agrofuel production)

Overall comment

Overall comment
Import of error check - Coordinator's overview comment: Multiple issues. See reviewer's comments. Review. Import of error check - Reviewer's overview comment: Like in previous case, there was a conflict for the control of Agro Pucala's capital, with the Huancaruna Group as dominant actor, whose director accused Gloria Group to instigate internal opposition to its purchase of Scotiabank's shares in 2007. Peruvian capitalist groups are in competition to accumulate and diversify, for what rrivatization of cooperatives in the 1990's opened great opportunities.

Feb. 6, 2018, 11:59 p.m.

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Feb. 5, 2016, 11:17 p.m.

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March 7, 2013, 6:55 p.m.

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

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