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Deal #3429 Version #60891

Sierra Leone

Created at

2013-03-22

Last update

2020-06-05

Last full update

2019-10-07

Land area

Intended size

45 000 ha

Size under contract (leased or purchased area)

[2011, current] 45000.0 ha

Comment on land area

In December 2011, Agriterra expanded its portfolio of agricultural products through the addition of palm oil, through the acquisition of Shawford Investments Inc ('Shawford'), which in turn owns Red Bunch Ventures (SL) Limited ('Red Bunch'). Red Bunch holds a 50 year lease (with an option to renew for a further 21 years) of approximately 45,000 hectares of brownfield agricultural land in an area suitable for palm oil production in the Pujehun District in the Southern Province of Sierra Leone.

Intention of investment

[current] Agriculture unspecified

Nature of the deal

Lease

Comment on nature of the deal

A 50-year lease (with an option to renew for a further 21 years).

Negotiation status

[2011, current] Concluded (Contract signed)

Implementation status

Project not started
[current] Project abandoned

Comment on implementation status

Grain states project is abandoned