EY Law and Munari Giudici Maniglio Panfili e Associati advsied on the deal
Prima Fruits S.A. executed the acquisition of Moño Azul, one of the Río Negro and Neuquén region’s oldest apple and pear producers..
Prima Group, whose principal shareholders the Sánchez family also own topfruit giant Patagonian Fruits Trade (PFT).
Moño Azul was formed in 1961 and was, for many years, Argentina’s leading fruit exporter. At the end of 2008, the company was acquired for $30 Milliion by Orsero SpA.
Prima Group will retain Moño Azul’s Vista Alegre packing and coldstorage complex, as well as its Villa Regina facility, just over 700ha of fruit production and another 350ha of land ready to plant.
Orsero SpA will maintain a minority stake in the venture.
EY Law advised Prima Fruits S.A. with a team led by Jorge Garnier and including Pablo Bisogno, Javier Pereyra Zorraquin and Pablo Lanfranchi.
Munari Giudici Maniglio Panfili e Associati advised Orsero SpA with a team including Paolo Terrile and Alessandro Dona.
Involved fees earner: Paolo Terrile – Munari Giudici Maniglio Panfili & Associati; Alessandro Dona – Munari Giudici Maniglio Panfili & Associati; Jorge Garnier – EY Law; Pablo Bisogno – EY Law; Javier Pereyra Zorraquin – EY Law; Pablo Lanfranchi – EY Law;