Lupicinio advises Kodysa on Cuban poultry project
Madrid-based law firm Lupicinio International has advised Spanish engineering, construction and agricultural development company Grupo Kodysa in its negotiations with the Cuban government for the development of an agro-industrial program to supply chickens to the island nation.
Under the agreement, the €50 million ($56.5 million) program would supply Cuba with almost one-third of the chickens consumed on the island. The deal was brokered during Spanish President Pedro Sánchez’s visit to the island, and was signed by the president of Cuban livestock company Gegan, Noberto Espinosa Carro, and Kodysa’s president Diego Amaya Guerrero.
The project will be managed by a Spanish-Cuban joint venture that will supply the island with 300,000 chickens per week.
Seville-based Kodysa’s agro-industrial arm has developed poultry-raising and olive farms in Spain, and produces processed food.
The deal is a win-win for Kodysa and Cuba, according to José María Viñals, partner and director of Lupicinio’s international operations practice.
“This is a big project for the island, as it means that part of the large demand will be met, as Cuba currently imports chicken from Brazil and Florida, which means the island does not have access to fresh chicken,” he said.
Lupicinio’s Cuba office also recently counseled a food company on the renewal of its agreement with the Cuban government.
The law firm is active in Cuba’s banking, tourism, energy and services sectors.
