Adecoagro S.A. Announces Pricing of Initial Public Offering

NEW YORK, Jan. 28, 2011 /PRNewswire/ -- Adecoagro S.A. announced today the pricing of its initial public offering of 28,571,428 shares of common stock at a price to the public of $11.00 per share. The shares are scheduled to begin trading on the New York Stock Exchange today under the symbol "AGRO."  Adecoagro S.A. is offering 28,405,925 shares and the selling stockholders are offering 165,503 shares.  Adecoagro S.A. has granted the underwriters the option to purchase up to an additional 4,285,714 shares at the initial public offering price less the underwriting discount.

Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. Incorporated and Itau BBA USA Securities Inc. are acting as global coordinators and joint bookrunners for the offering. Deutsche Bank Securities is acting as bookrunner. Banco do Brasil Securities LLC, HSBC Securities (USA) Inc., Rabo Securities USA, Inc. and Santander Investment Securities Inc. are acting as co-managers.  

A registration statement relating to this offering was declared effective by the Securities and Exchange Commission today.  Any offer or sale will be made solely by means of a written prospectus forming part of the effective registration statement. Copies of the final prospectus relating to the offering 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: Amanda Munhoz, +1 (212) 813-2975

SOURCE Adecoagro S.A.