The oil company YPF She sold her 50% stake in the fertilizer manufacturer Profertile, the largest in the country, a fact added to the fact that a few days ago the multinational corporation They nourish also sold its 50% and the company, which specializes in urea granules, now has new owners. For the agribusiness group it remained at 90% Adecoagro and 10% for the Association of Argentine Cooperatives (HERE). The operation cost around $1.2 billion.
“Adecoagro SA, a leader in sustainable production in South America, and the Association of Argentine Cooperatives (ACA), one of the largest grain operators in Argentina, confirm the acquisition of Profertil SA, the largest fertilizer producer in South America,” it said in a statement.
They added: “The participation of the purchase between Adecoagro and ACA is 90% to 10% each.” 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 as the board approved Adecoagro’s binding offer. The total investment amount was around $1.2 billion.”
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