By Brazil Stock Guide – The Coamo Agroindustrial Cooperative has completed the acquisition of four agricultural facilities in northern Paraná, expanding its physical footprint in one of Brazil’s main grain-producing regions. The transaction, valued at R$136 million, involves assets previously leased by Belagrícola and located in the municipalities of Cambé, Sabáudia, Assaí and Bela Vista do Paraíso.
The properties belonged to the Pátria Logística Agro real estate fund, according to a material fact disclosed to the market. The deal includes an upfront payment of R$31.2 million, with the remaining R$104.8 million to be paid in four semiannual installments of R$26.2 million each, adjusted by the CDI interbank rate. The first installment is due on Sept. 1, 2026, based on a document released on Monday (26).
In a statement issued Tuesday (28), Coamo said the acquisition is part of its strategy for sustainable growth, aimed at strengthening operations and expanding services to farmers in the region. Headquartered in Campo Mourão, Paraná, Coamo is considered the largest agroindustrial cooperative in Latin America and said it has already begun the transition and operational adjustments at the newly acquired units.
The cooperative expects the facilities to be fully operational in time to receive the 2025/26 soybean and corn harvest from local producers. Coamo’s management also plans to hold meetings with farmers in the four municipalities to present the cooperative’s operating principles, guidelines, products and services.
The assets were originally acquired by the Pátria Logística Agro fund in 2020, with a total investment of R$90.08 million, including purchase price, transaction costs and improvements. The sale price represents a 51% appreciation over the invested amount and a 24.3% premium over the 2025 appraisal value.
The transaction generated a cash profit of R$45.91 million for the fund, equivalent to R$8.42 per share, with an annualized internal rate of return of about 15.7%. Following the sale, the fund will no longer receive monthly rental income of R$964,800 previously paid by Belagrícola.
The deal comes as Belagrícola undergoes an out-of-court debt restructuring. In December, the company filed a request with a court in Londrina to renegotiate R$2.2 billion in unsecured debt, within a total estimated liability of R$3.8 billion. A Paraná state court granted a 120-day suspension of enforcement actions.
Founded in 1985 in Bela Vista do Paraíso, one of the municipalities involved in the transaction, Belagrícola reported revenue of R$4.7 billion in 2024, a 39% drop from the previous year, and losses exceeding R$400 million. The company serves about 10,000 farmers across Paraná, São Paulo and Santa Catarina, operating 52 input stores and 58 grain silos with total storage capacity of 1.5 million metric tons.
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