Tanoira Cassagne advised on the third reopening of the Closed-end Investment Fund “ADBLICK GRANOS FONDO COMÚN DE INVERSIÓN CERRADO AGROPECUARIO”
Tanoira Cassagne Abogados advised Allaria Ledesma Fondos Administrados Sociedad Gerente de Fondos Comunes de Inversión S.A. as fund manager, agribusiness company ADBlick Granos S.A. in its role as investment advisor and Banco Comafi S.A. as trustee, in the third reopening of the Closed-end Investment Fund “ ADBLICK GRANOS FONDO COMÚN DE INVERSIÓN CERRADO AGROPECUARIO” (the “Fund”), in the amount of U$S 2,240,298.
The shares were successfully placed on September 7, 2021.
The Fund has a six-year term, which can be extended, and a maximum issuance amount of U$S 10,000,000.
It was duly established for the exclusive purpose of granting profitability to shareholders by investing in: (i) equity rights represented by securities, with or without public offering of companies and / or vehicles, which may qualify as SMEs CNV, in accordance with the provisions of the CNV Regulations, dedicated to agricultural exploitation including those in which ADBlick Granos S.A. and its controlling and controlled companies are party, (ii) corporate bonds with or without a public offering, guaranteed or not, issued by companies, which may qualify as CNV SMEs, in accordance with the provisions of the CNV Rules, dedicated to the exploitation of agricultural businesses, including ADBlick Granos S.A. and its controlling and controlled companies.
The Fund provides for a single class of condominium shares. Each share gives the right to one (1) vote, to participate in the distribution of profits that may be decided by the fund manager and to participate in the proceeds that may exist at the time of the liquidation of the Fund.
The shares of the Fund have been authorized for their listing in Bolsas y Mercados Argentinos S.A.
Allaria Ledesma & Cía. S.A. also participated as placement agent.
Legal Advisors of the Transaction:
Tanoira Cassagne Abogados: Partner Alexia Rosenthal and Associates Ignacio Nantes and Mariana Troncoso.