Agrifirma Brazil

October 2011

Option exercised to acquire a further 26,948 ha of the Bananal farm
Agrifirma Brasil, the privately owned farmland development company, has exercised its option to acquire a further 26,948 ha of the Bananal farm in western Bahia, Brazil, bringing its total land holdings to 63,269 hectares. The option was exercised on 27 October 2011. Agrifirma Brasil already owns 11,893 hectares of Bananal. The shareholders in Agrifirma Brasil are Brasil Agronegocios, a Brazilian private equity fund, and Genagro Ltd, which originally founded Agrifirma in 2008.