Empresas Iansa S.A. (SNSE:IANSA) signed an agreement to acquire 45% stake in Patagoniafresh SA from Jugos Concentrados S.A. (SNSE:JUCOSA) for $13.1 million on May 16, 2012. The consideration includes a conditional payment of $0.3 million to be paid if Patagoniafresh earns EBITDA of $10.8 million. Empresas will acquire approximately 1.07 million shares of Patagoniafresh. On June 11, 2012, the transaction was approved by the shareholders of Jugos Concentrados SA during Extraordinary Shareholders Meeting.


Empresas Iansa S.A. (SNSE:IANSA) cancelled the acquistion of 45% stake in Patagoniafresh SA from Jugos Concentrados S.A. (SNSE:JUCOSA) on May 16, 2013.