Los Grobo Agropecuaria S.A. agreed to acquire 24.71% stake in Los Grobo Sociedad de Garantía Recíproca (SGR) for $16.9 million on December 17, 2014. Los Grobo Agropecuaria will acquire 5,930 ordinary Class B shares, scriptural, of unit nominal value of $10 and with right to 1 (one) vote per share, equivalent to 24.71% of the share capital of SGR and the 49.42% of the Class “B” shares of SGR. The Board of Los Grobo Agropecuaria unanimously resolved to acquire the stake on December 17, 2014.

Los Grobo Agropecuaria S.A. completed the acquisition of 24.71% stake in Los Grobo Sociedad de Garantía Recíproca (SGR) on December 17, 2015.