Hortifrut sells Peruvian assets

Hortifrut sells Peruvian assets

Corporate & Sovereign Strategy M&A Chile Peru

Chilean berry grower Hortifrut said late Wednesday that it sold a 75% stake in HFE Berries Perú for $90 million to a wholly owned subsidiary of Canadian pension fund manager Public Sector Pension Investment Board, known as PSP Investments. Hortifrut, the world's biggest seller of blueberries and second for berries overall, will retain 25% of HFE Berries, which owns a field with 397 hectares of planted area in Peru as well as the control and marketing of the fruit produced by that company, accord

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