ASUNCION, PARAGUAY, August 05, 2022 /24-7PressRelease/ -- Agri Terra CEO Carsten Pfau confirmed the move in a recent statement. According to Pfau, Agri Terra has bought 100% of the well-known brand, however, it will bring its stake down to some 35%, as more investors are set to join the deal.
Agri Terra has so far focussed on investments in food, beverages and real estate. After most recently purchasing mineral water producer Indusur and orange juice producer Frutana, the tobacco investment may come as a surprise to most observers.
However, Agri Terra is amplifying its portfolio, a strategy strongly promoted by the group's founder and CEO, German businessman Carsten Pfau, who invests in Paraguayan real estate and agriculture since 1993.
About Agri Terra
The Agri Terra owners, German brothers Carsten and Michael Pfau, invest and conduct business in Paraguay since 1995. Successful real estate investors, the brothers shifted their focus towards agriculture over the years. Starting out with the purchase of farmland and small cattle investments, the brothers now manage under the Agri Terra umbrella large agro-projects all over Paraguay. The company is among the largest 1% of cattle owners (out of 142,000 total), and it operates the country's third largest orange plantation. Substantial investments in greenhouses (vegetable production for supermarkets) as well as other citrus plantations complete the portfolio. In addition, the group develops residential country clubs and invests in the field of landbanking.
Agri Terra only offers projects to investors if the company invests its own funds into the project as well. Most of the times, Agri Terra is the single largest investor in a project.
Key executives in the company count with decades of experience in their respective fields of expertise. A combination of experience, expertise and dedication provides a solid base for the company's investments.
Headquartered in Munich, the Agri Terra Group is also registered in Austria, Panama, Paraguay and Hong Kong. In addition, the company counts with representatives for the US and Canada, Switzerland and Romania.
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