Chilean company boosts stake in David Del Curto
Chile's Corso Group has bought a further 42% stake in fruit exporter David Del Curto, taking its ownership to 93.3%.
Inversiones Corso (Corso Investments) representative Julio Fernández said the move was made with plans to strengthen the company as one of the industry's leaders.
"Despite the current situation, this company is part of an industry that has solid long-term fundamentals and great potential for growth, so it seemed very attractive to increase our holding in this company and become a key regional player," he said
David Del Curto plans to invest US$10 million this year to replant fields, expand and increase productive capacity.
Photo: David Del Curto