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BrasilAgro Companhia Brasileira de Propriedades Agricolas Sells Rural Property Fazenda Horizontina


Thursday, 11 Oct 2012 08:15am EDT 

BrasilAgro Companhia Brasileira de Propriedades Agricolas announced that it has signed agreement to sell Fazenda Horizontina, a rural property with the area of 14,359 hectares, of which 8,500 hectares are agricultural and, located in the municipality of Tasso Fragoso, Maranhao state, Brazil, for the price of BRL 75 million. The buyer already made the initial payment at the value of BRL 1 million. The remainder will be paid in two installments, the first to take place in October 2012 at the value of BRL 26 million, and the second in January 2013 at the value of BRL 48 million. The Company acquired the property in April 2010 for the price of BRL 37.7 million. 

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