Pérez Alati, Grondona, Benites & Arntsen advised the argentine entity Satus Ager in the execution of a share purchase agreement for the acquisition of Tecnoseeds S.A., an Argentine entity, and the majority shareholding of Tecnoseeds Tecnoseeds Brasil Administracao & Participacoes Ltda. and ITP Beneficiamento Sementes LTDA., both Brazilian entities.
The transaction involved the coordination in different jurisdictions, such as Argentina, Brazil, Canada and U.S.A.
Satus Ager is a leading company in seed reproduction. The transaction forms part of the regional expansion of Satus Ager, specially incrementing the participation in Brazil.
Pérez Alati, Grondona, Benites & Arntsen regularly advises one of Satus Ager shareholders, Victoria Capital Partners in different transactions, both in Argentina and regionally.
Remington is currently a relevant seed reproduction player in the north hemisphere, and through the previous partial acquisition of Satus Ager S.A. and this purchase by Satus Ager S.A. of Tecnoseeds is also becoming a significant player in South America.
The closing of the transaction is subject to condition precedents.
Advisors of Satus Ager S.A.:
Pérez Alati, Grondina, Benites & Arntsen
Partner: Santiago Daireaux; Counselor: Pedro Menendez San Martín; Associates: Estefania Paula Balduzzi, Andrés Bennett, Nicolás Aberastury.
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