0001144204-19-005492.txt : 20190207 0001144204-19-005492.hdr.sgml : 20190207 20190207110419 ACCESSION NUMBER: 0001144204-19-005492 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20190207 DATE AS OF CHANGE: 20190207 GROUP MEMBERS: BRANDES WORLDWIDE HOLDINGS, L.P. GROUP MEMBERS: CO-GP, LLC. GROUP MEMBERS: GLENN CARLSON SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Adecoagro S.A. CENTRAL INDEX KEY: 0001499505 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-86092 FILM NUMBER: 19573937 BUSINESS ADDRESS: STREET 1: 13-15 Avenue de la Liberte CITY: N/A STATE: N4 ZIP: L-1931 BUSINESS PHONE: 352 2689-8213 MAIL ADDRESS: STREET 1: 13-15 Avenue de la Liberte CITY: N/A STATE: N4 ZIP: L-1931 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BRANDES INVESTMENT PARTNERS, LP CENTRAL INDEX KEY: 0001015079 IRS NUMBER: 330704072 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 11988 EL CAMINO REAL STREET 2: SUITE 600 CITY: SAN DIEGO STATE: CA ZIP: 92130 BUSINESS PHONE: 8587550239 MAIL ADDRESS: STREET 1: 11988 EL CAMINO REAL STREET 2: SUITE 600 CITY: SAN DIEGO STATE: CA ZIP: 92130 FORMER COMPANY: FORMER CONFORMED NAME: BRANDES INVESTMENT PARTNERS LLC DATE OF NAME CHANGE: 20021203 FORMER COMPANY: FORMER CONFORMED NAME: BRANDES INVESTMENT PARTNERS L P DATE OF NAME CHANGE: 19990325 SC 13G/A 1 tv512612_sc13ga.htm SC 13G/A

 

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

 

(Amendment No.           2          ) *

 

Adecoagro SA

 

(Name of Issuer)

 

Common Shares

 

(Title of Class of Securities)

 

L00849106

 

(CUSIP Number)

 

December 31, 2018

 

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

x    Rule 13d-1 (b)

 

¨     Rule 13d-1(c)

 

¨     Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the ACT but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

 

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CUSIP No.                 L00849106
 
 

  1. Names of Reporting Persons.              Brandes Investment Partners, L.P.
    I.R.S. Identification Nos. of above persons (entities only).                   33-0704072
     
     
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
     
    (a) ¨
     
    (b) ¨
     
  3.  SEC Use Only
     
  4. Citizenship or Place of Organization        Delaware
     

Number of
Shares Bene-
ficially owned
by Each
Reporting
Person With:
5. Sole Voting Power
   
6. Shared Voting Power              7,690,798
   
7. Sole Dispositive Power
   
8. Shared Dispositive Power       8,138,682

     
  9. Aggregate Amount Beneficially Owned by Each Reporting Person            8,138,682
     
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)          ¨
     
  11. Percent of Class Represented by Amount in Row (9)          6.98 %
     
  12. Type of Reporting Person (See Instructions)          IA, PN
     

 

 

 

 

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CUSIP No.                 L00849106

 

 
 

  1. Names of Reporting Persons.             CO-GP, LLC.
    I.R.S. Identification Nos. of above persons (entities only).      73-1677697
     
     
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
     
    (a) ¨
     
    (b) ¨
     
  3.  SEC Use Only
     
  4. Citizenship or Place of Organization      California
     

Number of
Shares Bene-
ficially owned
by Each
Reporting
Person With:
5. Sole Voting Power
   
6. Shared Voting Power                 7,690,798
   
7. Sole Dispositive Power
   
8. Shared Dispositive Power           8,138,682

 

  9. Aggregate Amount Beneficially Owned by Each Reporting Person 8,138,682 shares are deemed to be beneficially owned by CO-GP, LLC as a control person of the investment adviser.  CO-GP, LLC disclaims any direct ownership of the shares reported in this Schedule 13G, except for an amount that is substantially less than one per cent of the number of shares reported herein.
     
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   ¨
     
  11. Percent of Class Represented by Amount in Row (9)             6.98 %
     
  12. Type of Reporting Person (See Instructions)          CO, OO (Control Person)
     

 

 

 

 

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CUSIP No.                  L00849106
 

     
  1. Names of Reporting Persons.                Brandes Worldwide Holdings, L.P.
    I.R.S. Identification Nos. of above persons (entities only).                                    33-0836630
     
     
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
     
    (a) ¨
     
    (b) ¨
     
  3. SEC Use Only
     
  4. Citizenship or Place of Organization          Delaware
     

Number of
Shares Bene-
ficially owned
by Each
Reporting
Person With:
5. Sole Voting Power
   
6. Shared Voting Power                   7,690,798
   
7. Sole Dispositive Power
   
8.

Shared Dispositive Power           8,138,682

       
  9. Aggregate Amount Beneficially Owned by Each Reporting Person

8,138,682 shares are deemed to be beneficially owned by Brandes Worldwide Holdings, L.P., as a control person of the investment adviser. Brandes Worldwide Holdings, L.P. disclaims any direct ownership of the shares reported in this Schedule 13G.

     
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)       ¨
     
  11. Percent of Class Represented by Amount in Row (9)            6.98 %
     
  12. Type of Reporting Person (See Instructions)          PN, OO (Control Person)
     

 

 

 

 

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CUSIP No.                  L00849106
 
 

  1. Names of Reporting Persons.            Glenn Carlson
    I.R.S. Identification Nos. of above persons (entities only).
     
     
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
     
    (a) ¨
     
    (b) ¨
     
  3. SEC Use Only
     
  4. Citizenship or Place of Organization          USA
     

Number of  
Shares Bene-
ficially owned
by Each
Reporting
Person With:
5. Sole Voting Power
   
6. Shared Voting Power                 7,690,798
   
7. Sole Dispositive Power
   
8. Shared Dispositive Power           8,138,682
   

  9. Aggregate Amount Beneficially Owned by Each Reporting Person 8,138,682 shares are deemed to be beneficially owned by Glenn Carlson, a control person of the investment adviser. Mr. Carlson disclaims any direct ownership of the shares reported in Schedule 13G, except for the amount that is substantially less than one per cent of the number of shares reported herein.
     
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)       ¨
     
  11. Percent of Class Represented by Amount in Row (9)         6.98 %
     
  12. Type of Reporting Person (See Instructions)       IN, OO (Control Person)
     

 

 

 

 

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Item 1(a)Name of Issuer:

 

Adecoagro SA

 

Item 1(b)Address of Issuer’s Principal Executive Offices:

 

13-15 Avenue de la Liberté  

L-1931 Luxembourg 

R.C.S. Luxembourg B 153 681

 

Item 2(a)Name of Person Filing:

 

(i)Brandes Investment Partners, L.P.

 

(ii)CO-GP, LLC

 

(iii)Brandes Worldwide Holdings, L.P.

 

(iv)Glenn Carlson

 

Item 2(b)Address of Principal Business office or, if None, Residence:

 

(i)11988 El Camino Real, Suite 600, San Diego, CA 92130

 

(ii)11988 El Camino Real, Suite 600, San Diego, CA 92130

 

(iii)11988 El Camino Real, Suite 600, San Diego, CA 92130

 

(iv)11988 El Camino Real, Suite 600, San Diego, CA 92130

 

Item 2(c)Citizenship

 

(i)Delaware

 

(ii)California

 

(iii)Delaware

 

(iv)USA

 

Item 2(d)Title of Class Securities:

 

Common Shares

 

Item 2(e)CUSIP Number:

 

L00849106

 

 

 

 

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Item 3.If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:

 

(a)¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
(b)¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c)¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
(d)¨ Investment company registered under section 8 of the Investment Company Act (15 U.S.C. 80a-8).
(e)¨ An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E).
(f)¨ An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(ii)(F).
(g)¨ A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G).
(h)¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
(i)¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).
(j)þ Group, in accordance with § 240.13d-1(b)(1)(ii)(J).

 

This statement is filed by Brandes Investment Partners, L.P., an investment adviser registered under the Investment Advisers Act of 1940, its control persons and its holding company. (See, also, Exhibit A.)

 

Item 4.Ownership:

 

(a)Amount Beneficially Owned:        8,138,682

 

(b)Percent of Class:         6.98 %

 

(c)Number of shares as to which the joint filers have:

 

(i)sole power to vote or to direct the vote:              0     

 

(ii)shared power to vote or to direct the vote:   7,690,798

 

(iii)sole power to dispose or to direct the disposition of:              0      

 

(iv)shared power to dispose or to direct the disposition of:     8,138,682

 

Item 5.Ownership of Five Percent or Less of a Class.

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class securities, check the following ¨.

 

Item 6.Ownership of More than Five Percent on Behalf of Another Person. N/A

 

 

 

 

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Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

                                                                                        N/A

 

Item 8.Identification and Classification of Members of the Group.

                                                                                       See Exhibit A

 

Item 9.Notice of Dissolution of Group.

                                                                                        N/A

 

Item 10.Certification:

 

(a)The following certification shall be included if the statement is filed pursuant to § 240.13d-1(b):

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date:  February 6, 2019  
  BRANDES INVESTMENT PARTNERS, L.P.
   
  By: /s/ Ian Rose
    Ian Rose as Attorney-In-Fact for
    Glenn Carlson, General Partner
    Co-GP, LLC its General Partner
   
  CO-GP, LLC
   
  By:   /s/ Ian Rose
    Ian Rose as Attorney-In-Fact for
    Glenn Carlson, General Partner
   
  BRANDES WORLDWIDE HOLDINGS, L.P.
   
  By:   /s/ Ian Rose
    Ian Rose as Attorney-In-Fact for
    Glenn Carlson of Co-GP, LLC its General Partner
   
  By:   /s/ Ian Rose
    Ian Rose as Attorney-In-Fact for
    Glenn Carlson, Control Person

 

 

 

 

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EXHIBIT A

 

Identification and Classification of Members of the Group

 

Pursuant to Rule 13d-1(b)(ii)(J) and Rule 13d-1(k)(1) under the Securities and Exchange Act of 1934, the members of the group making this joint filing are identified and classified as follows:

 

Name   Classification
Brandes Investment Partners, L.P. (the “Investment Adviser”)   Investment adviser registered under Investment Advisers Act of 1940
Co-GP, LLC   A control person of the Investment Adviser
Brandes Worldwide Holdings, L.P.   A control person of the Investment Adviser
Glenn Carlson   A control person of the Investment Adviser

 

 

 

 

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EXHIBIT B

 

Joint Filing Agreement Pursuant to Rule 13d-1

 

This agreement is made pursuant to Rule 13d-1(b)(ii)(J) and Rule 13d-1(k)(1) under the Securities and Exchange Act of 1934 (the “Act”) by and among the parties listed below, each referred to herein as a “Joint Filer.” The Joint Filers agree that a statement of beneficial ownership as required by Sections 13(g) or 13(d) of the Act and the Rules thereunder may be filed on each of their behalf on Schedule 13G or Schedule 13D, as appropriate, and that said joint filing may thereafter be amended by further joint filings. The Joint Filers state that they each satisfy the requirements for making a joint filing under Rule 13d-1.

 

Dated:  February 6, 2019  
   
  BRANDES INVESTMENT PARTNERS, L.P.
   
  By: /s/ Glenn Carlson
    Glenn Carlson, General Partner of
    Co-GP, LLC.
   
  Co-GP, LLC.
  By: /s/ Glenn Carlson
    Glenn Carlson, General Partner

 

 

 

 

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EXHIBIT C

 

Power of Attorney for Schedules 13D, 13G and Form 13F

 

I, Glenn Carlson, as member of Co-GP of LLC., which is a General Partner of Brandes Worldwide Holdings, L.P., and which is also the limited partner of Brandes Investment Partners, L.P., hereby appoint Ian N. Rose as attorney-in-fact and agent, in all capacities, to execute, on my behalf and on behalf of of Co-GP LLC., Brandes Investment Partners, L.P., and Brandes Worldwide Holdings, L.P., to file with the appropriate issuers, exchanges and regulatory authorities, any and all Schedules 13D, 13G and Form 13F and documents relating thereto required to be filed under the Securities and Exchange Act of 1934, including exhibits, attachments and amendments thereto and request for confidential treatment of information contained therein in connection with my being a “control person” (as contemplated for purposes of Schedule 13D, 13G and Form 13F) of Brandes Investment Partners, L.P., its subsidiaries and affiliates. I hereby grant to said attorneys-in-fact full authority to do every act necessary to be done in order to effectuate the same as fully, to all intents and purposes, as I could if personally present, thereby ratifying all that said attorneys-in-fact and agents may lawfully do or cause to be done by virtue hereof.

 

I hereby execute this Power of Attorney as of this 6th day of February 2019.

 

  /s/ Glenn Carlson
  Glenn Carlson

 

 

 

 

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EXHIBIT D

 

Disclaimer of Beneficial Ownership

 

Co-GP, LLC, Brandes Worldwide Holdings, L.P., Glenn Carlson, and Jeff Busby disclaim beneficial interest as to the shares referenced above, except for an amount equal to substantially less than one percent of the shares reported on this Schedule 13D. None of these entities or individuals holds the above-referenced shares for its/his own account except on a de minimis basis.

 

  /s/ Glenn Carlson
  Glenn Carlson
   
  /s/ Jeff Busby
  Jeff Busby