Hortifrut S.A. (SNSE:HF) acquired Talsa Chile II SpA for approximately CLP 200 billion on December 22, 2017. Under the terms of the transaction, Hortifrut S.A. issued 90.03 million shares to the shareholders of Talsa Chile in exchange for their shares in Talsa Chile at the ratio of 0.070681 shares of Hortifrut for each share of Talsa Chile. The transaction was approved by the shareholders of Hortifrut S.A. at the the Extraordinary Shareholders’ Meeting held on December 22, 2017. Hortifrut S.A. (SNSE:HF) completed the acquisition of Talsa Chile II SpA on December 22, 2017.