Brazil: Gavea Investimentos takes stake in Natural One

Gavea Investimentos, a Brazilian investment fund, has received approval from regulatory authorities to take a 49.9% stake in fruit juice firm Natural One,  according to a Reuters report quoting a dispatch from the Diario Oficial da Uniao.

It had previously been reported that major global firms including Coca-Cola, Ambev and Britvic were vying to buy into the natural tea and juice producer.

As a result of the transaction, Natural One founder Ricardo Ermirio de Moraes will hold 45.53% of the company, and Zwilin Holdings - another shareholder - will hold 4.57%. The value of the transaction was not disclosed.

Founded a decade ago, Natural One manufactures cold pressed, preservative-free and 100% juice fruit drinks, as well as vegetable drinks and low calorie ice teas.

Source: Reuters (via O Globo)