The firm Adecoagro, the largest producer of raw milk in Argentina, received a loan of US $ 100 million weeks ago from the International Finance Corporation (IFC), which will be used to make investments in the local agri-food sector.
Los asociados de Sancor aprobaron el jueves por unanimidad en una asamblea extraordinaria, la oferta de inversión y asociación presentada por Adecoagro y abrieron la puerta para que la segunda industria láctea del país deje de ser una cooperativa y el 90% de su capital accionario pase a manos privadas.
La cooperativa láctea SanCor aprobó por unanimidad en una asamblea extraordinaria realizada en Sunchales, Santa Fe, la presentación judicial del Acuerdo Preventivo Extrajudicial alcanzado con la empresa Adecoagro.
Adecoagro revealed that executives had been "travelling all around" southern Brazil investigating potential sugar acquisitions, and was mulling growth in the likes of rice, dairy and beef, after slashing its debts in a "milestone" year.
IFC, a member of the World Bank, will provide US$50 million to the Argentine subsidiaries of Adecoagro S.A., a company backed by billionaire George Soros, to support resource-efficient farming and food processing technologies
Located in the heart of sunflower country about 350 km from the Buenos Aires port, CHS AGRO will grow and process sunflower kernel and in-shell products for global marketing and distribution by CHS. Each company will hold 50 percent ownership in CHS AGRO.
Warren Buffett's Berkshire Hathaway has initiated a position in Archer Daniels Midland when it is anticipated that companies like ADM and Bunge will seek out targeted acquisitions of global farmland in order to both expand and diversify operations