Recent Updates — AGRO
Adecoagro S.A. completed the acquisition of the Caarapó Mill from Raízen Group for R$705 million (approximately US$136 million), paid in cash at closing on September 1, 2026. The mill had a crushing volume of 3.5 million tons during the 2025/26 harvest season, implying a purchase price of approximately US$39 per ton of capacity. Adecoagro plans to integrate Caarapó into its Mato Grosso do Sul cluster, expecting to crush 4.5 million tons in 2027 by processing excess sugarcane from existing operations. This acquisition brings the cluster's total expected crushing volume to 17 million tons in 2027. Adecoagro is a leading sustainable production company in South America that produces agricultural products, fertilizers, and renewable electricity.
Adecoagro S.A. reported second-quarter 2026 results with pro forma Investor Relations Adjusted EBITDA of $172.5 million, up 52.4% year-over-year, driven by a 109.7% surge in its Fertilizers segment due to higher urea production and prices averaging $699 per ton. The company announced the acquisition of Caarapó Mill from Raízen Group for approximately US$148 million, expected to close before October 1, 2026, adding capacity to reach over 18 million tons annually. Net debt stood at $1.7 billion with a pro forma leverage ratio of 3.0x. The filing also disclosed the first installment of a total annual cash dividend of $35 million, paid on May 19, 2026, amounting to approximately $0.1213 per share. Adecoagro S.A. is an agricultural and agro-industrial company operating in South America.
Adecoagro S.A. entered into an agreement with Raízen Group to acquire the Caarapó Mill in Mato Grosso do Sul, Brazil, for an estimated R$760 million (approximately US$148 million) in cash. The acquisition includes sugarcane and supply agreements and is expected to be accretive to Adjusted EBITDA from day one. Completion of the transaction is subject to CADE approval and is expected to occur before October 1, 2026. Adecoagro is a sustainable production company in South America that produces agricultural products, fertilizers, and renewable electricity.