FORM 6-K
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
dated May 14, 2013
BRASILAGRO – COMPANHIA BRASILEIRA DE PROPRIEDADES AGRÍCOLAS
(Exact Name as Specified in its Charter)
BrasilAgro – Brazilian Agricultural Real Estate Company
U(Translation of Registrant’s Name)
1309 Av. Brigadeiro Faria Lima, 5th floor, São Paulo, São Paulo 01452-002, Brazil
U(Address of principal executive offices)
Julio Cesar de Toledo Piza Neto,
Chief Executive Officer and Investor Relations Officer,
Tel. +55 11 3035 5350, Fax +55 11 3035 5366, ri@brasil-agro.com
1309 Av. Brigadeiro Faria Lima, 5th floor
São Paulo, São Paulo 01452-002, Brazil
U(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(1): U
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(7): U
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No x
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): Not applicable.
BrasilAgro – Companhia Brasileira de Propriedades Agrícolas
Publicly Held Company
Corporate Taxpayer’s ID (CNPJ/MF): 07.628.528/0001-59
Company Registry (NIRE): 35.300.326.237
SALE OF AN AREA OF THE CREMAQ FARM
BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (“Company”) informs its shareholders and the market in general that it has entered into a Purchase and Sale Agreement for an area of the Cremaq Farm. The sale of the Cremaq Farm is in line with the Company’s business strategy that focuses not only on agricultural production but also on capital gains through the sale of properties.
The rural property, located in Baixa Grande do Ribeiro, Piauí state, was acquired in 2006 for R$42.0 million and has a total area of 32,702 hectares, approximately 21,823 hectares of which are arable.
The sold area totals 4,895 hectares, 3,201 of which are arable. The total amount of the sale was 901,481 soybean bags (282 bags per arable hectare) or R$42.1 million (~R$13,200/ha). The buyer made the initial payment of 90,148 soybean bags, totaling R$4.6 million, and the remaining balance will be paid in five installments, the first of which due in August 2013, in an amount equivalent to 67,611 soybean bags, and the last in June 2016, in an amount equivalent to 117,193 soybean bags. The average term of the sale is 1.4 years.
From the accounting perspective, on April 30, 2013, this plot of the farm is valued in the Company’s books at R$10.3 million (acquisition cost + investments net of depreciation).
São Paulo, May 14, 2013.
Julio Toledo Piza
CEO & Investor Relations Officer
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Date: May 14, 2013. |
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BRASILAGRO – COMPANHIA BRASILEIRA DE PROPRIEDADES AGRÍCOLAS | ||
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By: |
/s/ Julio Cesar de Toledo Piza Neto | |
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Name: |
Julio Cesar de Toledo Piza Neto |
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Title: |
Chief Executive Officer and Investor Relations Officer |
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Date: May 14, 2013. |
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By: |
/s/ Gustavo Javier Lopez | |
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Name: |
Gustavo Javier Lopez |
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Title: |
Chief Administrative Officer |