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News Archive
| Sept 2009 | Annual Report 2008-09 Agrifirma Brazil Ltd has released its annual report and accounts, covering the period from 1 July 2008 to 30 June 2009, the company’s first full year of operations. Ian Watson, the chairman reports that, despite facing an extremely difficult economic environment, the company has been able to implement its initial strategy successfully and “now owns an attractive land portfolio with significant potential for transformation and future growth in capital values”. |
| Feb 2009 | Bananal purchase agreement signed Agrifirma and the owners of the Bananal property in Western Bahia have signed a revised agreement under which Agrifirma has acquired 11,893 hectares outright, with an option to complete the acquisition of the remaining 27,029 hectares exercusable in August 2010. |
| Nov 2008 | First share placing The first placing of shares in the company has been completed. A total of $154.4m has been raised from institutional and private investors. RIT and other Lord Rothschild's interests have subscribed 24% of the capital raised. |
| July – Nov 2008 | Farm purchases The aquisitions of the Campo Aberto farm, the three farms that now comprise the Arrojadinho cluster and the two farms in the Rio do Meio cluster are completed between July and November 2008. |
| Feb 2008 | Incorporation of Agrifirma Brazil Agrifirma Brazil Ltd is incorporated at Ordnance House, 31 Pier Road, St Helier, Jersey. A board with a majority of independent non-executive directors is appointed, including Agrifirma’s newly recruited CEO Julio Bestani. |
| Jan 2008 - June 2008 | Conditional agreements to buy farms Agrifirma Ltd, an investment advisory company surveys more than 2m hectares of farmland in Brazil to identify potential investment opportunities suitable for transformation, leading to the company reaching conditional agreements to acquire a number of farms. |
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