Deal #3942

Location #1

Spatial accuracy level
Administrative region
Location
Villaguay, Entre Ríos Province, Argentina

Target country
Argentina

Location #2

Spatial accuracy level
Administrative region
Location
General Villegas, Buenos Aires Province, Argentina

Target country
Argentina

Land area

Size under contract (leased or purchased area, in ha)
[2015] 35306
Size in operation (production, in ha)
[2015] 30000
Comment on land area
Fondomonte S.A. owns and operates three farms in Argentina, totaling 12,306 hectares dedicated to the production of corn and soybean. In 2012 the investor increase the production area up to 23000 ha (adding 7000 ha by leasing land)

Intention of investment

Intention of investment
Food crops
Comment on intention of investment
The acquisition gave Riyadh-based Almarai Co the control of Fondomonte S.A

Nature of the deal

Nature of the deal
Outright Purchase
Lease

Negotiation status

Negotiation status
[2011] Concluded (Contract signed)

Implementation status

Implementation status
[2011] In operation (production)

Purchase price

Purchase price
83000000
Purchase price currency
US Dollar ($)
Comment on purchase price
the sale of the 100% of the Fondomonte company to Almarai was for US$83 million.

Operating company

 

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Data source #1

Data source type
Media report
File
Date
2012-01-02
Comment on data source
Saudi Arabia's largest dairy company announced it was buying Argentine farm operator Fondomonte for 83 million dollars to secure access to a supply of animal feed. The acquisition gave Riyadh-based Almarai Co. the total control.

Data source #2

Data source type
Media report
File
Date
2011-12-21
Comment on data source
it shows the location of the farms

Data source #3

Data source type
Media report
File
Date
2014-02-27

Data source #4

Data source type
Media report
File
Date
2012-12-22

Data source #5

Data source type
Company sources
File

Detailed crop, animal and mineral information

Crops area
Corn (Maize), Soya Beans

Use of produce

Has export
Yes
Export
100
Country 1
Saudi Arabia

Overall comment

Overall comment
Almarai Co, acquired Fondomonte (2011). It means 12,306 has.

May 14, 2018, 10:01 p.m.

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July 2, 2016, 12:11 a.m.

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July 1, 2016, 11:59 p.m.

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July 1, 2015, 7:03 p.m.

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July 24, 2013, 1:09 a.m.

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