en.Wedoany.com Reported - This Friday (26th), two major Brazilian agricultural companies, SLC Agrícola and Grupo Bom Futuro, officially launched their bids for the "Bloco Mato Grosso" farm cluster. The block is valued at 1.85 billion reais, covering a total area of approximately 41,200 hectares, used for growing soybeans, corn, and cotton.
These assets belong to Grupo Radar, a joint venture between U.S. management company Nuveen and Cosan. According to information released by Cosan, this block accounts for approximately 12% of Radar Group's land portfolio. SLC Agrícola is one of the world's largest grain and fiber producers, cultivating hundreds of thousands of hectares across multiple locations in Brazil. Grupo Bom Futuro, headquartered in Mato Grosso state, is one of Brazil's largest private agricultural groups, boasting one of the country's largest cultivated areas, with operations involving grains, cotton, seeds, aquaculture, and energy production.
This Friday, SLC Agrícola issued a material fact notice to the market, stating that it has "irrevocably and irreversibly" exercised its right of first refusal to acquire all properties constituting the "Bloco Mato Grosso." The notice indicates that the acquisition involves approximately 41,214 hectares of land, of which about 28,800 hectares are arable. The company already leases and operates 17,600 hectares of this land. The acquisition will be conducted on a "porteira fechada" (closed gate) basis, with terms identical to those offered to the owner. Regarding the financial structure, the total amount is 1.85 billion reais, with 700 million reais deposited as earnest money into an escrow account, and the remaining 1.15 billion reais to be paid upon signing the deed, expected no later than October 30, 2026, subject to approval from the Administrative Council for Economic Defense (CADE), among other conditions.
Grupo Bom Futuro also issued an official statement this Friday, stating that it has exercised its right of first refusal to acquire all properties constituting the "Bloco Mato Grosso" under terms identical to those offered to Radar Group, for a total amount of 1.85 billion reais. The company stated that this investment has synergies with its other properties and aligns with its growth strategy of operating in Mato Grosso state for over 44 years. Since Cosan announced the sale, the financial market has been closely monitoring this transaction, and this competition will determine who will acquire one of the most significant agricultural blocks in Brazil in recent years.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
