Overview
- The Commercial Court No. 3 of Pontevedra approved Mare Inversiones, owned by Comercial Pernas (Coper), to acquire roughly 65% of Atunlo O Grove on Oct. 15.
- The accepted offer includes a €500,000 payment for the 65.43% stake after a €100,000 deposit, with the court noting it values the price favorably.
- Control of Frigoríficos de Cambados transfers with the stake because Atunlo O Grove owns 100% of the Cambados unit.
- The judge ordered the Atunlo O Grove deal and the sale of the 50% stake in Central Lomera Portuguesa (CLP) to execute simultaneously within one month, describing Marfrío’s €1.4 million CLP proposal as firm, serious and credible.
- Coper says it aims to revive the former Atunlo plants and plans to divest the Portuguese facility, with the accepted structure tying 40% of the eventual CLP sale price into the transaction.