Organic Farming Company Equity Stake For Sale in Chile Chico, Chile

Production and sale of fresh cherries, mainly of the varieties Kordia, Lapins, Regina and Skeena. The fruit is mostly marketed as a category 1 (within the standard) under brands of an exporting partner, targeting international markets. A smaller volume of fruit outside the norm or of commercial calibers is sold on the domestic market as commercial fruit (pre-caliber, commercial and usable waste). Tangible assets: 152 hectares of agricultural land worth CLP 3.95 billion in Chile Chico, Patagonia; established cherry orchards (approx. 15 has currently in production and additional area ready to plant); around 28,000 cherry trees; water rights and accumulation lock for irrigation; technical irrigation and frost control systems; manager house with warehouse and parking; pump house and Las Mercedes pump house; drinking water ponds; fuel pond (oil); greenhouse; tractor and tool shed; parking lots; warehouses for fertilizers and Herbicides with shower for applicators; tool cellars; kitchen, dining room, separate bathrooms and showers for men and women; dormitories for temporary workers; administrative office; agricultural machinery (tractors, agrochemical application equipment, cherry tree handling and harvesting equipment) and other infrastructure associated with the fruit operation. Intangible assets: favorable agroclimatic conditions and location in Patagonia that grant a window of production counterstation for the export of cherries; accumulated technical experience in the management of cherry trees; and established commercial relations with exporters/packing such as Greenex for the international marketing of the fruit. All these assets are part of the transaction of incorporation of a new partner. The field is located in Chile Chico, Patagonia, with a total area of 152 hectares of own land, of which part is planted with cherry trees (approx. 15 ha in production and additional area ready to plant). It has an irrigation accumulation lock, water rights and a technical irrigation and frost control system. Facilities include manager's house with warehouse and parking, pump house and Las Mercedes pumps house, drinking water ponds, tractor and tool shed, vehicle parking, greenhouse, fertilizer and herbicide cellars with shower for applicators, tool cellar, kitchen and dining room, separate bathrooms and showers for men and women, temporary bedrooms (approximate capacity for 25 workers according to a prior description) and an administrative office. All these facilities are located within the property and are part of the agricultural operation. The company is structured as a limited liability company and is financed entirely with the operation. It does not register bank loans or external financial debts. Ownership is concentrated among these four partners (exact percentages not specified). Three of the four partners wish to exit the business in whole or in part, so approximately 50% of the property is offered to a new investor, maintaining the remaining percentage among the current partners. This offer implies a total valuation of the business of the order of CLP 3850000000 million, which includes land, water rights, established orchards, developing plantations, irrigation infrastructure and machinery.