Grupo Don Mario signed a binding agreement to acquire corn business activities in Brazil and Argentina from KWS SAAT SE & Co. KGaA (XTRA:KWS) on March 25, 2024. The transaction includes all breeding and sales activities for corn in South America (Brazil, Argentina, Paraguay, Uruguay) as well as all corn production locations in Argentina and Brazil.

The transaction is subject to certain closing conditions and regulatory approval by the relevant authorities. The transaction is subject to prior approval of the Administrative Council for Economic Defense (CADE) in Brazil and the National Commission for the Defense of Competition in Argentina. It expected to be completed within the second quarter of 2024.

Pedro Silvestri of Estudio Beccar Varela advised Grupo Don Mario on the transaction.