Overview
- Adecoagro submitted a binding proposal to acquire YPF’s 50% stake in Profertil at approximately US$600 million under terms that mirror its earlier agreement with Nutrien.
- The offer requires approval from YPF’s Board of Directors, with a decision anticipated before the end of the month.
- Adecoagro says the main conditions precedent for its separate purchase of Nutrien’s 50% interest have been satisfied, setting up potential control if YPF accepts.
- If both transactions are completed, Adecoagro would hold 90% of Profertil, with the remaining 10% retained by Asociación de Cooperativas Argentinas.
- Profertil operates a low‑cost complex in Bahía Blanca producing roughly 1.2–1.3 million tonnes of urea annually and supplying about 60% of Argentina’s demand, a scale Adecoagro aims to integrate across its agricultural platform, backed by Tether as its principal shareholder since April.