Adecoagro’s Acquisition of Viterra’s Rice Business In Argentina and Uruguay

Marval O’Farrell Mairal and Estudio Etcheverrito advised Adecoagro (NYSE: AGRO) on the transaction.

Adecoagro executed the acquisition of Viterra’s Rice Business In Argentina and Uruguay.

The operations are conducted through four rice processing and storage plants in Uruguay and one in Argentina. The assets acquired will include all biological assets and inventories of processed and rough rice.

The acquisition is subject to the satisfaction of customary closing conditions, including the receipt of certain government approvals in Uruguay, which are still pending as of the date of this release.
The price, subject to certain adjustments, amounts to approximately $18 million payable in three annual installments, and contemplates the assumption of financial debt for an amount of approximately $20 million, to be finally determined at closing. Under current price scenario we believe the transaction will generate a very attractive IRR, and expect contribution to our Adjusted EBITDA of $10 million per year.

Marval O’Farrell Mairal advised Adecoagro (NYSE: AGRO) on the transaction with a team including Pablo Viñals Blake (Picture), María Macarena Mirri and Lucia Diana Trillo.

In Uruguay, Estudio Etcheverrito advised Adecoagro (NYSE: AGRO) with a team led by Pamela Moreira.

In Argentina, Curtis Mallet advised Viterra with a team led by Esteban Daireaux.

Involved fees earner: Esteban Daireaux – Curtis Mallet-Prevost Colt & Mosle LLP; Pamela Moreira – Etcheverrito; Maria Macarena Garcia Mirri – Marval, O’Farrell & Mairal; Lucia Diana Trillo – Marval, O’Farrell & Mairal; Pablo Viñals Blake – Marval, O’Farrell & Mairal;

Law Firms: Curtis Mallet-Prevost Colt & Mosle LLP; Etcheverrito; Marval, O’Farrell & Mairal;

Clients: Adecoagro S.A.; Viterra;


Author: Ambrogio Visconti