Public Sector Pension Investment Board made an offer to acquire a 45.02% stake in Hortifrut S.A. (SNSE:HF) for approximately $420 million on December 19, 2022. The offer per share is $1.63. The offer will close within the first four months of 2023. The tender offer is subject to a minimum threshold of 36% stake.

Public Sector Pension Investment Board completed the acquisition of 44.68% stake in Hortifrut S.A. (SNSE:HF) on June 3, 2023.