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Cinven takes majority stake in agri-food company Planasa for 450 million euros: Reuters

MADRID (Reuters) – Anglo-Saxon investment fund Cinven said on Monday it has agreed to take a majority stake in the agri-food company Planasa for some 450 million euros.

The company’s headquarters are located in Valtierra, in the north of Spain, and it has farms all over the world for growing fruits and vegetables. It also sells seeds and plants for farmers and carries out research and development services.

Planasa has 2,080 employees worldwide.

Its chief steward and current owner, Alexandre Darbonne, will continue to hold a significant stake in Planasa, Cinven said.