Fererre has advised on the deal
Cargill announces $30 million investment in Ecuador shrimp feed facility project; enters into joint venture with Naturisa
The transaction involves the construction of a new world-class shrimp feed mill that will produce 130,000 metric tons annually and employ 260 people when the facility is fully operational in 2017.
Cargill will own 75 percent and have managerial control of the day-to-day operation, while Naturisa will retain 25 percent in the joint venture. The investment creates a unique opportunity for Cargill to grow in aquaculture in Ecuador and opens the door to future investment opportunities for other commodities in the market. Through its Americas Marketing Group, Cargill has imported agricultural commodities into Ecuador for a number of years. Naturisa, Ecuador’s second largest shrimp producer and the fourth largest exporter in the country, is a leader in the aquaculture industry.
Fererre has advised Cargill, Inc. with Javier Robalino (Picture), Martín Pallares and Ernesto Weisson.
Law Firms: Ferrere Attorneys;