Deal #1064

Location #1

Spatial accuracy level
Coordinates
Location
San Javier, Santa Fe Province, Argentina

Latitude
-30.7357887748924
Longitude
-60.012682
Target country
Argentina
Comment on location
Santa Fé, San Javier. Estancia San Joaquín de Pilagá Coordinates: -30.7357887748924, -60.012682

Land area

Size under contract (leased or purchased area, in ha)
[2015] 37273
Size in operation (production, in ha)
[2015] 8000
Comment on land area
This surface corresponds to the estancia San Joaquín de Pilagá, located in the province of Sant Fe, department of Las Colonias, region of San Javier, locality of Franck.

Intention of investment

Intention of the investment
Food crops, Livestock

Nature of the deal

Nature of the deal
Outright Purchase

Negotiation status

Negotiation status
[2007] Concluded (Contract signed)
Comment on negotiation status
In 2010, the farm was producing 8000 ha of rice and 25% of the rice production of the Santa Fe department. It was constructing a mill which would be able to process all the rice produced in the province.

Implementation status

Implementation status
[2007] In operation (production)
Comment on implementation status
In 2010, the farm was producing 8000 ha of rice and 25% of the rice production of the Santa Fe department. It was constructing a mill which would be able to process all the rice produced in the province.

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
Media report
File
Date
2010-10-25
Comment on data source
"San Javier, el nuevo "refugio" de Soros", by: Germán de los Santos, in: Diario Cruz del Sur, 25.10.2010

Data source #2

Data source type
Company sources
File
Date
2013-07-26
Comment on data source
This web is no longer available

Data source #3

Data source type
Company sources
File
Comment on data source
On the website of the company it reports that the San Joaquin field has only 7000 ha.

Data source #4

Data source type
Media report
File
Comment on data source
The report shows a production of 8000 has in San Joaquin.

Data source #5

Data source type
Company sources
File
Comment on data source
Report 2015

Data source #6

Data source type
Media report
File

Data source #7

Data source type
Company sources
File

Former land use

Former land use
Commercial (large-scale) agriculture

Former land cover

Former land cover
Cropland

Detailed crop, animal and mineral information

Crops area
Rice, Soya Beans
Livestock area
Cattle

Use of produce

Has export
Yes

In country processing of produce

In country processing of produce
Yes

Overall comment

Overall comment
Import of error check - Reviewer's overview comment: see row 1063

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

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June 25, 2016, 1:43 a.m.

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May 26, 2015, 11:08 p.m.

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July 26, 2013, 11:43 p.m.

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

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