Adecoagro Takes Control of Profertil With $1.1 Billion Acquisition
Reuters
Dec 15
Adecoagro Takes Control of Profertil With $1.1 Billion Acquisition
Adecoagro S.A., a leading sustainable production company in South America, will become the controlling shareholder of Profertil S.A., the region's largest producer of granular urea. This follows the acceptance by YPF S.A. of Adecoagro's offer to acquire YPF's remaining 50% stake in Profertil. Earlier, Adecoagro, in partnership with Asociación de Cooperativas Argentinas $(ACA)$ in an 80%-20% split, had completed the acquisition of Nutrien's 50% stake in the company. After these transactions, Adecoagro will hold 90% of Profertil's equity, with ACA retaining the remaining 10%. The total consideration paid by Adecoagro for its stake is approximately US$1.1 billion. The company highlighted that this acquisition will nearly double its adjusted EBITDA, expand its scale, and further diversify its portfolio.
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