Adecoagro to Acquire Best in Class Urea Producer
1. Adecoagro to acquire Nutrien's 50% stake in Profertil for $600 million. 2. Profertil is the largest urea producer in South America, supplying 60% of Argentina's needs. 3. The acquisition aligns with Adecoagro's strategy of low-cost production and operational diversification. 4. Profertil generates average annual EBITDA of about $390 million from 2020 to 2024. 5. Transaction completion is expected by the end of 2025, enhancing market position.