05:25 PM EST, 12/01/2025 (MT Newswires) -- Adecoagro ( AGRO ) said late Monday it has submitted a binding offer to acquire YPF's (YPF) 50% stake in Profertil for about $600 million.

The offer matches the terms previously agreed with Nutrien ( NTR ) for its 50% stake, where conditions have been met. YPF's board will review the proposal in December, Adecoagro ( AGRO ) said.

If approved, Adecoagro ( AGRO ) said it would own 90% of Profertil, while the remaining stake would be held by Asociacion de Cooperativas Argentinas.