Overview
- Profertil notified regulators that Nutrien’s 50% stake was transferred to Avaldi SA, owned 80% by Adecoagro and 20% by the Asociación de Cooperativas Argentinas, in a deal valued at about US$600 million.
- The change in control triggered a full board overhaul, with Ignacio María Bosch named president and Nutrien-aligned directors stepping down.
- Adecoagro has submitted a US$600 million offer to purchase YPF’s remaining 50% of Profertil, which is pending a decision by YPF’s board.
- Profertil’s Bahía Blanca complex can produce roughly 1.3 million tonnes of urea and 790,000 tonnes of ammonia annually, supplying about 60% of Argentina’s urea demand.
- Nutrien said the sale advances portfolio simplification and that proceeds will be directed to targeted growth investments, share repurchases and debt reduction, according to CEO Ken Seitz.