Adecoagro Holders Prepare Additional Selldown

Adecoagro shareholders are planning to sell as much as 55.8m shares in the farm operator, according to regulatory documents, an amount worth $417m at Tuesday’s $7.47 closing price. The George Soros-backed grower and renewable energy producer operating in Brazil, Argentina and Uruguay filed a shelf for periodic secondary share sales. No timeline was disclosed, and no bookrunners listed. The sellers include “principal shareholders” who were among the original members of International Farmland Holdings, a company acquired by Adecoagro prior to its $314m IPO in 2011. HBK Capital Management raised $112m earlier this year when exiting Adecoagro via a block trade.