Key Developments: Adecoagro SA (AGRO.N)
17 May 2013
Latest Key Developments (Source: Significant Developments)
Adecoagro SA announced the pricing of an underwritten secondary offering of 13,900,000 common shares offered by HBK Master Fund LP at a price per share to the public of $8.00. The selling shareholder has granted to Morgan Stanley & Co. LLC, the sole underwriter in the offering, a 30-day option to purchase up to an additional 2,085,000 of the common shares. Adecoagro will not receive any of the proceeds from the sale by the selling shareholder of the common shares in this offering. Full Article
Adecoagro SA announced that it has commenced a public offering of 8,700,000 of its common shares to be sold by certain selling shareholders, subject to market and other conditions. The selling shareholders expect to grant the underwriter in the offering a 30-day option to purchase up to an additional 1,305,000 of its common shares. Morgan Stanley & Co. LLC will act as sole bookrunner for the offering. Adecoagro will not receive any of the proceeds from the sale by the selling shareholders of the common shares in this offering. Full Article
Adecoagro SA announced that it has acquired 100% of the common shares of Compania Agroforestal de Servicios y Mandatos S.A., a company which owns a 4,960 hectare farm named El Colorado, located in the region of Bandera, in the province of Santiago del Estero, Argentina, for a total price of $18.0 million. The transaction is subject to anti-trust approval. Full Article
CHICAGO, Feb 27 - U.S. farm and refining cooperative CHS Inc and South American agricultural company Adecoagro formed a joint venture to grow and process sunflower kernels, the companies said on Wednesday.