Spain: Eurobanan continues to lead the ripening of bananas

 

The General Meeting of shareholders of the Coplaca Investment SL company, where shareholders received a report about the society's development and functioning during the year, was held on May 31 at Cajasiete.

 

The accounts for the year 2015 were presented and approved in the meeting. Similarly, the Board agreed the dividend of 1,629,000 Euro among the partners of Coplaca Investment SL, equivalent to 0.39 cents per share or 3.08 pesetas per kilo of bananas marketed.

 

The company was incorporated in 2004, with a nominal value of 1 Euro per share, and its profitability for 2015 amounted to 39%.

 

Since its inception, the company has distributed more than 13.5 million Euro in dividends.

 

The General Meeting highlighted its importance, not only for the dividend it distributed, but also because of the management of the Eurobanancanarias Group and its extensive network of centers and ripening chambers throughout the Iberian peninsula: Seville, Jerez, Alicante, Murcia, Palma de Mallorca, Barcelona, Madrid, Valencia, Bilbao, and Vigo.

 

During 2015, the Group made improvements in every one of its centers, including two ripening chambers in Madrid and Alicante, making the Group the undisputed banana ripening leader in the Canary Islands and in the Iberian Peninsula.

 

In this regard, it is worth noting that the banana producers from the canaries that are partners of Coplaca Investment are the owners of the largest fruit marketing company in Spain, GRUPO Eurobanancanarias, and obtain dividends or profits from the sale of bananas from the Canary Islands and from more than one hundred different products, such as: kiwis, strawberries, oranges, apples, avocados, papayas, mangoes, etc.

 

Coplaca's General Assembly

Coplaca Producers Organization, held its annual General Assembly in Santa Cruz de Tenerife, which was attended by a broad group of farmers from all member Cooperatives.

 

The Assembly presented a report of the development and operation of the largest organization of Banana Producers from both the Canary Islands and the EU, specially focusing on the development of the banana market during 2015 and the first months of this year, with an emphasis on the expansion and improvement of the ripening chambers in Alicante and Madrid, the Group's development, its results, and the approval of dividend payments to producers from Coplaca, which are partners of Coplaca Investment SL. There was also a report on the acquisition of 40% of the Cultesa company, which is devoted to obtaining banana plants, among other activities.

 

Finally, the Assembly presented and approved the accounts for 2015, highlighting Coplaca's the strength and economic health, as it achieved a turnover of 116 million Euro during 2015.