Deal #1063

Location #1

Spatial accuracy level
Administrative region
Location
Corrientes, Corrientes Province, Argentina

Target country
Argentina
Comment on location
No data about specific location. Only that the production was somewhere in the province of Corrientes.

Land area

Size under contract (leased or purchased area, in ha)
[2015] 74000
Size in operation (production, in ha)
[2015] 71078
Comment on land area
In September 2002 Adecoagro enters the Argentine agricultural market with the acquisition of the company "Pecom Agropecuaria SA" and its more than 74,000 hectares of land.

Intention of investment

Intention of investment
Food crops, Livestock

Nature of the deal

Nature of the deal
Outright Purchase

Negotiation status

Negotiation status
[2002] Concluded (Contract signed)

Implementation status

Implementation status
[2002] In operation (production)

Operating company

Comment on investment chain
Adeco Agropecuaria S.A. operates as a subsidiary of Adecoagro S.A. The company is based in Martínez, Argentina. Adecoagro is controled by the Soros Fund Management (fundator) (and by U.S. hedge fund HBK Investments). It is Soros Fund Management's largest holding as of 6/30/2011. The purchase of Pecom Agropecuaria SA was Adecoagro's birth act. The holding expanded very rapidly purchasing farms and plants in Uruguay, Brazil and Argentine, alone or with asociates. In 2011, Adecoagro owns over 283 thousand hectares of farmland and several industrial facilities spread across the most productive regions of Argentina, Brazil and Uruguay, where it produces over 1 million tons of agricultural products including corn, wheat, soybeans, rice, dairy products, sugar, ethanol and electricity among others. In 2011, the company subscribes to Nasdaq and purchases a new 4960 ha farm in the argentinan province of Santiago del Estero. Adecoagro is located in Luxembourg for fiscality and in Buenos Aires for management. Among its shareholders appear: Pampas Humedas LLC, a Soros Fund Management LLC's fund (major shareholder with 22,8% in 2011) and Qatar Holding LLC (a "sovereign fund").

 

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Data source #1

Data source type
Company sources
File
Comment on data source
Website no longer available.

Data source #2

Data source type
Company sources
File

Data source #3

Data source type
Company sources
File

Data source #4

Data source type
Company sources
File

Data source #5

Data source type
Company sources
File
Comment on data source
Website no longer available.

Data source #6

Data source type
Media report
File

Data source #7

Data source type
Media report
File
Date
2011-01-01

Data source #8

Data source type
Media report
File
Date
2011-01-01

Data source #9

Data source type
Media report
File
Date
2009-01-01

Data source #10

Data source type
Media report
File
Date
2011-01-27

Data source #11

Data source type
Media report
File
Date
2011-06-27

Data source #12

Data source type
Company sources
File

Former land use

Former land use
Pastoralism

Former land cover

Former land cover
Shrub land/Grassland (Rangeland)

Detailed crop, animal and mineral information

Crops area
Corn (Maize), Rice, Soya Beans, Wheat
Livestock area
Dairy Cattle

Use of produce

Has export
Yes

Overall comment

Overall comment
Import of error check - Reviewer's overview comment: See cell AC (about the investor). The apparition of Adecoagro in the Argentina's agroindustrial scene and its phenomenal expansion in the region (Argentina, Uruguay, Brazil) is related to global new capitalist investment strategies, looking for values-refugies and at the same time for huge benefits. The grow of consumption in Chinese and India is converting the south of south america in a very strategic base for food production and a new wave of capitalist expansion (while other sectors are in crisis).

May 14, 2018, 9:51 p.m.

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July 1, 2016, 10:54 p.m.

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July 1, 2016, 10:51 p.m.

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May 26, 2015, 6:43 p.m.

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July 26, 2013, 11:09 p.m.

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May 2, 2013, 2:02 a.m.

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Feb. 15, 2013, 5:01 p.m.

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