My Blog
Food

Camil Alimentos acquires Rice Paraguay, Villa Oliva Rice stake

Camil Alimentos acquires Rice Paraguay, Villa Oliva Rice stake
Camil Alimentos acquires Rice Paraguay, Villa Oliva Rice stake


Camil Alimentos, Brazil’s rice-processing company, has expanded overseas with the acquisition of Rice Paraguay and a majority share in Villa Oliva Rice.

Struck through the Paraguayan company Q2PY, the deal involves shares representing 100% of Rice Paraguay and 80% of Villa Oliva Rice.

Q2PY, a company controlled by Camil’s CEO Luciano Quartiero, will enter a purchase and sale agreement with Camilatam, a subsidiary of Camil, as an extension of the transaction.

Camilatam will purchase the majority shares of Villa Oliva from Q2PY for $33m.

The completion of the transaction is contingent on customary conditions, including the transfer of certain rural properties from Villa Oliva to Q2PY.

Post-reorganisation, Rice and Q2PY will lease 18,000 ha of land and the existing irrigation system to Villa Oliva for five years, with an option to renew for another five years.

Access the most comprehensive Company Profiles
on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free
sample

Your download email will arrive shortly

We are confident about the
unique
quality of our Company Profiles. However, we want you to make the most
beneficial
decision for your business, so we offer a free sample that you can download by
submitting the below form

By GlobalData







Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Upon completion, Q2PY will control Rice and own the rural properties, while Camilatam will have a controlling interest in Villa Oliva.

Villa Oliva will lease the rural properties and own the industrial assets, agricultural equipment, and other operational assets necessary for rice production and processing.


Related posts

Portland Chefs Can’t Stop Making Crunchwrap Supremes

newsconquest

Oldest U.S. meat association forms an agreement with similar groups in Canada and Mexico

newsconquest

8 questions with Partake Founder & CEO Denise Woodard

newsconquest