Market Overview

Adecoagro Acquires Farmland in Argentina for $18M

ADECOAGRO S.A. (NYSE: AGRO) announced today that in line with its growth strategy, it has acquired 100% of the common shares of Compania Agroforestal de Servicios y Mandatos S.A., a company which owns a 4,960 hectare farm named "El Colorado", located in the region of Bandera, in the province of Santiago del Estero, Argentina, for a total price of US$18.0 million. The transaction is subject to anti-trust approval.

El Colorado is an attractive opportunity for Adecoagro to continue generating value through the transformation of farmland and expanding its production of agricultural commodities.

Posted-In: News M&A

 

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