Business
Adecoagro Announces Submission of Binding Offer to Acquire the Remaining 50% of Profertil S.A.
Adecoagro S.A. (NYSE: AGRO) ("Adecoagro" or the "Company"), a leading sustainable production company in South America, announced the submission of a binding offer to acquire YPF's 50% stake in Profertil S.A., the largest producer of granular urea in South America.
About this update from Adecoagro S.a.
[{"type":"text","content":"LUXEMBOURG, December 1, 2025 /PRNewswire/ -- Adecoagro S.A. (NYSE: AGRO) ("Adecoagro" or the "Company"), a leading sustainable production company in South America, announced the submission of a binding offer to acquire YPF's 50% stake in Profertil S.A., the largest producer of granular urea in South America.","length":333,"tagName":"p"},{"type":"text","content":"This binding offer was submitted under substantially the same terms and conditions to those previously agreed between Adecoagro and Nutrien, including a purchase price of approximately US$600 million. In relation to the acquisition of Nutrien's 50 % interest in Profertil S.A., the main precedent conditions are fulfilled.","length":326,"tagName":"p"},{"type":"text","content":"Adecoagro's offer acceptance by YPF is subject of approval by YPF's Board of Directors to be held in December 2025.","length":123,"tagName":"p"},{"type":"text","content":"Upon consummation of this acquisition Adecoagro will become the controlling shareholder of Profertil owning 90% of the total share capital. The remaining 10% will be held by Asociación de Cooperativas Argentinas.","length":212,"tagName":"p"},{"type":"text","content":"The Company will finance the transaction through a combination of existing cash balances, a new long term credit facility which has already been committed, and proceeds from the sale of equity.","length":193,"tagName":"p"},{"type":"text","content":"Profertil is a low-cost producer of urea and ammonia globally. With an annual capacity of approximately 1.3 million metric tons of urea and 790 thousand metric tons of ammonia, the company supplies approximately 60% of Argentina's urea consumption. Its state-of-the-art industrial complex located in the city of Bahía Blanca—Argentina's most important petrochemical hub—enjoys access to competitively priced natural gas and electricity. Profertil has a fully dollarized revenue business given the export nature of the product. The company generated an average annual EBITDA of approximately US$390 million over the 2020-2024 period.","length":640,"tagName":"p"},{"type":"text","content":"Mariano Bosch, Co-Founder and Chief Executive Officer of Adecoagro, stated: "This transaction marks a significant milestone for Adecoagro, enhancing our scale, diversifying our portfolio, and strengthen...