Amaggi Sustainable Cotton

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IFC proposed investment consists of an A/B/MCPP Loan of up to US$180 million to Agropecuaria Maggi Ltda (“Agropecuaria”), the farming company of Amaggi Group  (“Amaggi” or “the Group”), a leading producer, merchandiser, crusher and exporter of grains in Brazil. The financing will support Amaggi’s three-year investment plan comprising (i) conversion of existing corn farmland into cotton production across three farms in Mato Grosso; (ii) expansion of cotton ginning capacity; (iii) investments in logistics assets for the cotton expansion and agricultural inputs for use in the cotton field areas; and (iv) crop protection/treatment inputs for productivity improvements in existing cotton fields (“the Project”.)