Adecoagro Dairy

completed

IFC is providing a loan to Adeco Agropecuaria S.A., Pilaga S.A, and L3N S.A. (jointly referred to as “Adeco” or the “Company”), which are IFC clients since 2016. Adeco is currently investing in the expansion of its dairy production capacity as well as in further downstream dairy integration in Argentina. The company has requested IFC to extend an A/MCPP Loan of up to US$100 MM to finance: (i) the expansion of its milk production facilities (two new free-stalls in the Santa Fe Province); (ii) the acquisition of two milk processing facilities and brands from local cooperative SanCor, located in the cities of Morteros and Chivilcoy; and (iii) upgrade investments in the acquired facilities including energy efficiency retrofits and climate/green investments which will result into lower energy/water consumption and lower emissions, and help the company achieve its sustainability goals (the project). Adeco is owned by Adecoagro S.A, a diversified agribusiness group which produces sugar, ethanol and energy in Brazil and grains, rice and dairy in Argentina and Uruguay.