Cargill, Incorporated acquired additional 40% stake in Glucovil Argentina S.A. from Ledesma Sociedad Anónima Agrícola Industrial for $66.5 million on May 29, 2018. As per the terms of the agreement, Cargill, Incorporated acquired 162.34 million Class A shares of Glucovil Argentina S.A. The final number of shares to transfer will be subject to Glucovil Argentina's EBITDA evolution during the next three periods. There will be no additional transfer of shares if the EBITDA goes over the amount of $26 million. The transaction will also include a loan to Ledesma Sociedad Anónima Agrícola Industrial worth $12 million payable in 10 annual instalments with a coupon of 3% per annum. Post-completion, Cargill, Incorporated will hold 70% stake and Ledesma Sociedad Anónima Agrícola Industrial will hold 30% stake in Glucovil Argentina S.A. The transaction also includes a call option given to Cargill, Incorporated for the remaining shares of Glucovil Argentina S.A. The option may be exercised at the closing of the periods finalizing on May 31, 2021, May 31, 2022 or May 31, 2023. Cargill, Incorporated completed the acquisition of additional 40% stake in Glucovil Argentina S.A. from Ledesma Sociedad Anónima Agrícola Industrial on May 29, 2018.