Portuguese olive oil manufacturer Grupo Sovena has entered the Chilean market with the purchase of a 24.6% stake in local company Soho.
Sovena is the world’s largest olive oil producer, and manufactures the brands Olivari, Andorinha and Oliveira da Serra, among others.
Sovena operates in Portugal, Spain, Italy, Brazil and the US, and exports to more than 70 countries, and operates large-scale agricultural operations, mills, packaging plants and international marketing platforms.
Soho produces the olive oil brands Olave, Huasco, SOL de Aculeo, Montecristo and Grecco, as well as brands for third-party retailers, and manages a production and supply chain.
Sovena’s acquisition of Soho and its entry into the Chilean market will allow for the incorporation of new products into its supply chain.
Soho was advised in Chile by local law firm Jara Del Favero Abogados, with a team led by partner Sven Herlin Kaiser and associate Marina Junge Roeckel.
Sovena was advised by Serra Lopes, Cortes Martins & Associados (SLCM), with a team led by partner Rafel Lucas Pires and lawyer Raquel Santos Pereira.