0001011438-14-000103.txt : 20140213 0001011438-14-000103.hdr.sgml : 20140213 20140213162208 ACCESSION NUMBER: 0001011438-14-000103 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20140213 DATE AS OF CHANGE: 20140213 GROUP MEMBERS: GEORGE SOROS GROUP MEMBERS: ROBERT SOROS 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: 14606422 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: SOROS FUND MANAGEMENT LLC CENTRAL INDEX KEY: 0001029160 IRS NUMBER: 133914976 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 888 SEVENTH AVENUE STREET 2: 33RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10106 BUSINESS PHONE: (212) 872-1054 MAIL ADDRESS: STREET 1: 888 SEVENTH AVENUE STREET 2: 33RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10106 SC 13G/A 1 form_sc13ga-adecoagro.htm form_sc13ga-adecoagro.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 2)*

ADECOAGRO S.A.
(Name of Issuer)

Common Shares
(Title of Class of Securities)

L00849106
(CUSIP Number)

December 31, 2013
(Date of Event which Requires Filing
of this Statement)

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


[   ]
   Rule 13d-1(b)
[   ]
   Rule 13d-1(c)
[X]
   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 on 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).

Continued on following pages
Page 1 of 12 Pages
Exhibit Index:  Page 9

 
 

 

CUSIP NO.  L00849106
Page 2 of 12 Pages


1.
Names of Reporting Persons

SOROS FUND MANAGEMENT LLC


2.
Check the Appropriate Box If a Member of a Group (See Instructions)
a.  
[   ]
b.  
[X]

3.
SEC Use Only

4.
Citizenship or Place of Organization

DELAWARE

 
5.
Sole Voting Power
Number of
Shares
 
25,915,076
Beneficially
Owned By
Each
6.
Shared Voting Power
0
Reporting
Person
With
7.
Sole Dispositive Power
25,915,076
 
8.
Shared Dispositive Power
   
0


9.
Aggregate Amount Beneficially Owned by Each Reporting Person

25,915,076

10.
Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

[   ]

11.
Percent of Class Represented By Amount in Row (9)


21.19%

12.
Type of Reporting Person (See Instructions)

OO




 
 

 

CUSIP NO.  L00849106
Page 3 of 12 Pages


1.
Names of Reporting Persons

GEORGE SOROS


2.
Check the Appropriate Box If a Member of a Group (See Instructions)
a.  
[   ]
b.  
[X]

3.
SEC Use Only

4.
Citizenship or Place of Organization

UNITED STATES

 
5.
Sole Voting Power
Number of
Shares
 
109,727
Beneficially
Owned By
Each
6.
Shared Voting Power
25,915,076
Reporting
Person
With
7.
Sole Dispositive Power
109,727
 
8.
Shared Dispositive Power
   
25,915,076

9.
Aggregate Amount Beneficially Owned by Each Reporting Person

26,024,803

10.
Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

[   ]

11.
Percent of Class Represented By Amount in Row (9)

21.28%

12.
Type of Reporting Person (See Instructions)

IN

 
 

 

CUSIP NO.  L00849106
Page 4 of 12 Pages


1.
Names of Reporting Persons

ROBERT SOROS


2.
Check the Appropriate Box If a Member of a Group (See Instructions)
a.  
[   ]
b.  
[X]

3.
SEC Use Only

4.
Citizenship or Place of Organization

UNITED STATES

 
5.
Sole Voting Power
Number of
Shares
 
0
Beneficially
Owned By
Each
6.
Shared Voting Power
25,915,076
Reporting
Person
With
7.
Sole Dispositive Power
0
 
8.
Shared Dispositive Power
   
25,915,076


9.
Aggregate Amount Beneficially Owned by Each Reporting Person

25,915,076

10.
Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

[   ]

11.
Percent of Class Represented By Amount in Row (9)

21.19%

12.
Type of Reporting Person (See Instructions)

IN

 
 

 

CUSIP NO.  L00849106
Page 5 of 12 Pages


Item 1(a).
Name of Issuer:
   
 
Adecoagro S.A. (the “Issuer”).
   
Item 1(b).
Address of the 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
   
 
The Statement is filed on behalf of each of the following persons (collectively, the “Reporting Persons”):

i)  
Soros Fund Management LLC (“SFM LLC”);

ii)  
George Soros; and

iii)  
Robert Soros.

 
This statement relates to Shares (as defined herein) held for the accounts of Quantum Partners LP, a Cayman Islands exempted limited partnership (“Quantum Partners”), Geosor Corporation, a New York corporation (“Geosor”), and SFM LLC, a Delaware limited liability company. SFM LLC serves as principal investment manager to Quantum Partners. As such, SFM LLC has been granted investment discretion over portfolio investments, including the Shares, held for the accounts of Quantum Partners. George Soros serves as Chairman of SFM LLC and Robert Soros serves as President and Deputy Chairman of SFM LLC.  Geosor is indirectly wholly owned by George Soros.  As such, George Soros may be deemed to be the beneficial owner of the Shares held by Geosor.

Item 2(b).
Address of Principal Business Office or, if None, Residence:
   
 
The address of the principal business office of each of the Reporting Persons is 888 Seventh Avenue, 33rd Floor, New York, New York 10106.

Item 2(c).
Citizenship:

i)  
SFM LLC is a Delaware limited liability company;

ii)  
George Soros is a United States citizen; and

iii)  
Robert Soros is a United States citizen.

Item 2(d).
Title of Class of Securities:
 
 
Common Shares (the “Shares”).
 
Item 2(e).
CUSIP Number:
   
 
L00849106

 
 

 

CUSIP NO.  L00849106
Page 6 of 12 Pages


Item 3.
If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
 
 
This Item 3 is not applicable.
 
Item 4.
Ownership:
   
Item 4(a).
Amount Beneficially Owned:
   
 
As of the date hereof, each of SFM LLC and Robert Soros may be deemed to be the beneficial owner of 25,915,076 Shares. This number consists of (A) 25,910,004 Shares held for the account of Quantum Partners, and (B) 5,072 Shares held for the account of SFM LLC.
 
As of the date hereof, George Soros may be deemed to be the beneficial owner of 26,024,803 Shares. This number consists of (A) 25,910,004 Shares held for the account of Quantum Partners, (B) 5,072 Shares held for the account of SFM LLC, and (C) 109,727 Shares held for the account of Geosor.
   
Item 4(b).
Percent of Class:
   
 
As of the date hereof, each of SFM LLC and Robert Soros may be deemed to be the beneficial owner of approximately 21.19% of the total numbeof Shares outstanding.

As of the date hereof, George Soros may be deemed to be the beneficial owner of approximately 21.28% of the total number of Shares outstanding.
   
Item 4(c).
Number of shares as to which such person has:
   

 
SFM LLC
 
(i)
Sole power to vote or direct the vote
25,915,076
 
(ii)
Shared power to vote or to direct the vote
0
 
(iii)
Sole power to dispose or to direct the disposition of
25,915,076
 
(iv)
Shared power to dispose or to direct the disposition of
0

 
George Soros
 
(i)
Sole power to vote or direct the vote
109,727
 
(ii)
Shared power to vote or to direct the vote
25,915,076
 
(iii)
Sole power to dispose or to direct the disposition of
109,727
 
(iv)
Shared power to dispose or to direct the disposition of
25,915,076

 
Robert Soros
 
(i)
Sole power to vote or direct the vote
0
 
(ii)
Shared power to vote or to direct the vote
25,915,076
 
(iii)
Sole power to dispose or to direct the disposition of
0
 
(iv)
Shared power to dispose or to direct the disposition of
25,915,076

 
 

 

CUSIP NO.  L00849106
Page 7 of 12 Pages


Item 5.
Ownership of Five Percent or Less of a Class:
   
 
This Item 5 is not applicable.
   
Item 6.
Ownership of More than Five Percent on Behalf of Another Person:
   
 
The partners of Quantum Partners are entitled to receive, or have the power to direct, the receipt of dividends from or the proceeds of sales of the Shares held for the accounts of Quantum Partners, in accordance with their ownership interests in Quantum Partners.  The shareholders of Geosor are entitled to receive, or have the power to direct, the receipt of dividends from or the proceeds of sales of the Shares held for the accounts of Geosor, in accordance with their ownership interests in Geosor.
   
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company:
   
 
This Item 7 is not applicable.
   
Item 8.
Identification and Classification of Members of the Group:
   
 
This Item 8 is not applicable.
   
Item 9.
Notice of Dissolution of Group:
   
 
This Item 9 is not applicable.
   
Item 10.
Certification:

 
This Item 10 is not applicable.


 
 

 

CUSIP NO.  L00849106
Page 8 of 12 Pages


SIGNATURES

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




Date:  February 13, 2014
SOROS FUND MANAGEMENT LLC
   
 
By:          /s/ Jodye Anzalotta
 
Jodye Anzalotta
 
Assistant General Counsel

Date:  February 13, 2014
GEORGE SOROS
   
 
By:          /s/ Jodye Anzalotta
 
Jodye Anzalotta
 
Attorney-in-Fact
   

Date:  February 13, 2014
ROBERT SOROS
   
 
By:          /s/ Jodye Anzalotta
 
Jodye Anzalotta
 
Attorney-in-Fact
   



 

 
 

 

CUSIP NO.  L00849106
Page 9 of 12 Pages


EXHIBIT INDEX

   
Page No.
A.
Joint Filing Agreement, dated as of February 13, 2014, by and among Soros Fund Management LLC, George Soros, and Robert Soros
 
10
 
B.
Power of Attorney, dated as of June 26, 2009, granted by George Soros in favor of Armando T. Belly, Jodye Anzalotta, Maryann Canfield, Jay Schoenfarber, Robert Soros, and David Taylor
 
11
 
C.
Power of Attorney, dated as of October 3, 2007, granted by Robert Soros in favor of Armando T. Belly, Jodye Anzalotta, Maryann Canfield, Jay Schoenfarber, and David Taylor
 
12
 
     
     
     

 
 

 

CUSIP NO.  L00849106
Page 10 of 12 Pages


EXHIBIT A

JOINT FILING AGREEMENT

The undersigned hereby agree that the Schedule 13G with respect to the Common Shares of Adecoagro S.A., dated as of February 13, 2014, is, and any amendments thereto (including amendments on Schedule 13D) signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934.



Date:  February 13, 2014
SOROS FUND MANAGEMENT LLC
   
 
By:          /s/ Jodye Anzalotta
 
Jodye Anzalotta
 
Assistant General Counsel

Date:  February 13, 2014
GEORGE SOROS
   
 
By:          /s/ Jodye Anzalotta
 
Jodye Anzalotta
 
Attorney-in-Fact
   

Date:  February 13, 2014
ROBERT SOROS
   
 
By:          /s/ Jodye Anzalotta
 
Jodye Anzalotta
 
Attorney-in-Fact



 
 

 

CUSIP NO.  L00849106
Page 11 of 12 Pages


EXHIBIT B

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENT, that I, GEORGE SOROS, hereby make, constitute and appoint each of ARMANDO T. BELLY, JODYE ANZALOTTA, MARYANN CANFIELD, JAY SCHOENFARBER, ROBERT SOROS and DAVID TAYLOR, acting individually, as my agent and attorney-in-fact for the purpose of executing in my name, (a) in my personal capacity or (b) in my capacity as Chairman of, member of or in other capacities with Soros Fund Management LLC ("SFM LLC") and each of its affiliates or entities advised by me or SFM LLC, all documents, certificates, instruments, statements, filings and agreements ("documents") to be filed with or delivered to any foreign or domestic governmental or regulatory body or required or requested by any other person or entity pursuant to any legal or regulatory requirement relating to the acquisition, ownership, management or disposition of securities, futures contracts or other investments, and any other documents relating or ancillary thereto, including without limitation all documents relating to filings with the Commodity Futures Trading Commission and National Futures Association, the United States Securities and Exchange Commission (the "SEC") pursuant to the Securities Act of 1933 or the Securities Exchange Act of 1934 (the "Act") and the rules and regulations promulgated thereunder, including all documents relating to the beneficial ownership of securities required to be filed with the SEC pursuant to Section 13(d) or Section 16(a) of the Act and any information statements on Form 13F required to be filed with the SEC pursuant to Section 13(f) of the Act.

All past acts of these attorneys-in-fact in furtherance of the foregoing are hereby ratified and confirmed.

Execution of this power of attorney revokes that certain Power of Attorney dated as of the 16th day of June 2005 with respect to the same matters addressed above.

This power of attorney shall be valid from the date hereof until revoked by me.

IN WITNESS WHEREOF, I have executed this instrument as of the 26th day of June 2009.

GEORGE SOROS

/s/ Daniel Eule
Daniel Eule
Attorney-in-Fact for George Soros

 
 

 

CUSIP NO.  L00849106
Page 12 of 12 Pages


EXHIBIT C

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENT, that I, ROBERT SOROS, hereby make, constitute and appoint each of ARMANDO T. BELLY, JODYE ANZALOTTA, MARYANN CANFIELD, JAY SCHOENFARBER and DAVID TAYLOR, acting individually, as my agent and attorney-in-fact for the purpose of executing in my name, (a) in my personal capacity or (b) in my capacity as Deputy Chairman of, member of or in other capacities with Soros Fund Management LLC (“SFM LLC”) and each of its affiliates or entities advised by me or SFM LLC, all documents, certificates, instruments, statements, filings and agreements (“documents”) to be filed with or delivered to any foreign or domestic governmental or regulatory body or required or requested by any other person or entity pursuant to any legal or regulatory requirement relating to the acquisition, ownership, management or disposition of securities, futures contracts or other investments, and any other documents relating or ancillary thereto, including without limitation all documents relating to filings with the Commodity Futures Trading Commission and National Futures Association, the United States Securities and Exchange Commission (the “SEC”) pursuant to the Securities Act of 1933 or the Securities Exchange Act of 1934 (the “Act”) and the rules and regulations promulgated thereunder, including all documents relating to the beneficial ownership of securities required to be filed with the SEC pursuant to Section 13(d) or Section 16(a) of the Act and any information statements on Form 13F required to be filed with the SEC pursuant to Section 13(f) of the Act.

All past acts of these attorneys-in-fact in furtherance of the foregoing are hereby ratified and confirmed.

This power of attorney shall be valid from the date hereof until revoked by me.

IN WITNESS WHEREOF, I have executed this instrument as of the 3 rd day of October 2007.

ROBERT SOROS

/s/ Robert Soros