Agricultural company Adecoagro preps for $400M IPO
- AP
- 25 January 2011
Adecoagro is based in Luxembourg, but it is one of the biggest farmland owners in Latin America with holdings worth about $784 million
Adecoagro is based in Luxembourg, but it is one of the biggest farmland owners in Latin America with holdings worth about $784 million
Adecoagro SA, a farmland venture in South America that’s backed by billionaire George Soros, plans to raise as much as $429 million in an initial public offering in the US as food prices surge.
Participants agreed on the importance of an open and inclusive dialogue to continue encouraging responsible agricultural investment by various parties.
“It’s not common in Brazil to find farmers presenting accounts to international investors. What you can see here is the new model for agribusiness in Brazil,” says André Pessôa, co-ordinator of the Rally da Safra.
El Tejar SA, Argentina’s largest agricultural producer, is weighing an initial public offering in New York to tap rising investor demand for farming assets.
Billionaire George Soros’s Adecoagro venture, which invests in agriculture and renewable energy in Latin America, is considering an initial public offering to help fund projects in Brazil that include a $700 million sugar mill.
Planea comenzar a producir en 2010; interés por la soja y el maíz
Soros recently became the largest shareholder in Adecoagro one of the leading agribusiness companies in South America whose main activities are the production of grains, rice, oilseed, dairy products, sugar, ethanol, coffee, cotton and cattle meat.
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