US EditionAdecoagro Completes The Acquisition of Profertil
11 Articles
11 Articles
The oil company YPF got rid of the 50% that it had in the producer of fertilizers Profertil, the largest in the country, which added to the fact that a few days ago the multinational Nutrien also sold its 50%, and the company specialized in granulated urea now has new owners. It remained 90% for the agro-industrial group Adecoagro and 10% for the Association of Argentine Cooperatives (ACA). The operation ran the $1.2 billion. The firm will keep …
The Argentine state oil company YPF has accepted the offer of acquisition presented two weeks ago by the Adecoagro group for the purchase of 50% of the share capital of its fertilizer business, Profertil, as reported by the company in a statement. The operation consists of the concession of 391 million non-endosable class B nominable shares, each with a nominal value of an Argentine peso and entitled to one vote per title. Thus, Adecoagro will g…
The oil company approved the offer of Adecoagro for its 50% in the main producer of urea of the country and deepens the Plan 4x4 to concentrate on Vaca Muerta.
The exit of Nutrien first and YPF then sealed an operation for $1.2 billion that leaves the largest nitrogen fertilizer plant under private control and with expectations of expansion.
In just a few days, one of the most important commercial operations in the agribusiness world of recent years was completed. Profertil, Argentina’s largest fertilizer factory, which produces about 1.3 million tons of urea and 790,000 tons of ammonia a year, changed hands. Argentina’s agribusiness giant, Adecoagro, and the Association of Argentine Cooperatives (ACA), finally stayed with 100% of the firm’s operations that has its productive base i…
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