NEW YORK, Feb. 11, 2011 /PRNewswire/ -- Adecoagro S.A. announced today that the underwriters of its recently completed initial public offering have exercised in full their over-allotment option to purchase an additional 4,285,714 Common Shares of Adecoagro at $11.00 per share, less underwriting discounts. Adecoagro also announced that it closed its initial public offering of 28,571,428 Common Shares on February 2, 2011 at a public offering price of $11.00 per share less underwriting discounts, which included the sale of 165,503 Common Shares by selling shareholders.
Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. Incorporated and Itau BBA USA Securities Inc. acted as global coordinators and joint bookrunners for the offering. Deutsche Bank Securities acted as bookrunner. Banco do Brasil Securities LLC, HSBC Securities (USA) Inc., Rabo Securities USA, Inc. and Santander Investment Securities Inc. acted as co-managers.
A registration statement relating to the offering was declared effective by the Securities and Exchange Commission on January 28, 2011. The offering was made solely by means of a written prospectus, copies of which may be obtained from: (a) Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010 or by calling 1-800-221-1037, (b) Morgan Stanley & Co. Incorporated, 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus Department or by calling 1-800-584-6837, (c) Itau BBA USA Securities Inc. by calling 1-888-770-4828, or (d) Deutsche Bank Securities at Attention: Prospectus Department, 100 Plaza One, Jersey City, NJ 07311 or by calling 1-800-503-4611.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Adecoagro S.A.
Adecoagro S.A. is a leading agricultural company in South America involved in the production of several agricultural products, including corn, wheat, soybean and sugar among others, as well as ethanol, energy and milk. Adecoagro has operations in Argentina, Brazil and Uruguay.
Contact: Melissa Angelini (MZ Consult) - +55 11 3529-3892 Adecoagro Investor Relations - ir@adecoagro.com
Adecoagro S.A.
CONTACT: Melissa Angelini, MZ Consult, +011-55-11-3529-3892, or
Adecoagro Investor Relations, ir@adecoagro.com
