YPF leaves the fertilizer business and Adecoagro begins to control 90% of Profertil

Thus, Adecoagro will control the 90% of the firm whose plant is located in Bahía Blanca, while the remaining 10% It will be in the hands of the Association of Argentine Cooperatives (ACA).

“Adecoagro SA (NYSE: AGRO), a leading company in sustainable production in South America and the Association of Argentine Cooperatives (ACA), one of the main grain operators in Argentina, confirm the acquisition of Profertil SA, the largest fertilizer producer in South America. The participation of the purchase between Adecoagro and ACA is 90%-10% respectively,” both companies reported in a statement.

“The purchase of the first half of Profertil, corresponding to Nutrien, was completed days ago, and now the sale of the second half, corresponding to YPF, has been confirmed, given that its board of directors approved the binding offer presented by Adecoagro. The total amount of the investment was approximately US$1.2 billion“, they added.