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Argentina’s Adecoagro buys Brazilian sugar mill for $136 million
🇵🇾 Paraguay /Economy & Trade

Argentina’s Adecoagro buys Brazilian sugar mill for $136 million

From ABC Color · () Spanish

Translated from Spanish and summarized by DistantNews. Read the original for the full story.

At a glance

Newswire Official statement New plan
  • Adecoagro completed its purchase of the Caarapó sugar mill in Brazil from Raízen for about $136 million.
  • The facility in Mato Grosso do Sul includes Adecoagro’s own sugar cane and external supply contracts.
  • The company expects the mill to process 4.5 million tons of cane in 2027.

Adecoagro has taken ownership and management of a Brazilian sugar mill after completing a $136 million acquisition from Raízen.

The Argentine company announced that the Caarapó mill, in Mato Grosso do Sul, began operating under its ownership on Tuesday. The purchase includes sugar cane grown by the company and contracts with external cane suppliers.

Adecoagro signed the agreement with Raízen in July. Raízen is backed by Shell and Brazilian group Cosan. The newly acquired facility sits in the municipality of Caarapó, about 100 kilometers from Adecoagro’s Angélica and Ivinhema plants.

Adecoagro, which is listed on the New York Stock Exchange, said it expects Caarapó to process 4.5 million tons in 2027. The company produces food, fertilizers and renewable energy.

As of today, the mill operates under Adecoagro’s ownership and management.

— AdecoagroThe company announced the completion of its acquisition of the Caarapó sugar mill.
About this summary

Originally published by ABC Color in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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