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Thursday, May 23, 2024

PLL counsels Planasa on acquisition of its subsidiary in China

Pérez-Llorca has advised Planasa to strengthen its position in China by acquiring 100% stake of its local subsidiary

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Planasa, the berry genetics company recently acquired by the German conglomerate EW Group, has closed a deal to acquire the remaining 50% stake held by its partners in China, the brothers Martin and Thomas Dabilly, securing full ownership of the business.

Planasa’s Chinese subsidiary, Meiming, focuses on the nursery and commercialization of Planasa’s blueberry varieties, exclusively catering to selected clients with strong presence in the country. Over the past three years, Meiming has experienced remarkable growth, largely driven by the acceptance of these blueberry varieties in the Chinese market.

Michael Brinkmann, the CEO of Planasa, expressed great recognition and gratitude for the commendable work undertaken by the Dabilly brothers during their business management. He also emphasized the company’s current preparation for the upcoming expansion phase, reflecting Planasa’s commitment to furthering its global reach.

Pérez-Llorca has advised Planasa with a Corporate team formed by partners Pablo Hontoria, Francisco Iso and lawyers Rita Royo and Marcos Mata.

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