Adecoagro S.A. (NYSE:AGRO) sold 51% stake in Santa Regina Agropecuaria S.A for $12.4 million on December 27, 2012. Under the terms, consideration of $5.2 million is paid in cash at closing and the remaining amount will be paid in two installments plus interest, as $1 million in June 2013 and $6.2 million in December 2013. The transaction also includes an option to the buyer to acquire the remaining 49% interest on or before June 2014 for $13.1 million.


Adecoagro S.A. (NYSE:AGRO) completed the sale of 51% stake in Santa Regina Agropecuaria S.A on December 27, 2012.