Cargill, Incorporated acquired the remaining 30% stake in Glucovil Argentina S.A from Ledesma Sociedad Anónima Agrícola Industrial (BASE:LEDE) for $34.4 million on October 26, 2020. Pursuant to the terms of the acquisition, Cargill, Incorporated acquired around 121.8 million Class B shares of Glucovil Argentina S.A. The purchase price was paid partially by Cargill, Incorporated by bank transfer and the remaining balance through compensation with the balance owed by Ledesma Sociedad Anónima Agrícola Industrial to Cargill, Incorporated under the loan agreement entered into on May 29, 2018. As a result of this compensation, all the Ledesma Sociedad Anónima Agrícola Industrial's obligations under said loan agreement were also canceled. As a result of the transaction, stake of Ledesma Sociedad Anónima Agrícola Industrial in Glucovil Argentina S.A will cease to exist. The transaction was resolved by the Board of Ledesma Sociedad Anónima Agrícola Industrial, in a meeting held on October 26, 2020. María Fraguas of Nicholson & Cano Abogados acted as the legal advisor to Ledesma Sociedad Anónima Agrícola Industrial and Estanislao Olmos of Bruchou Fernandez Madero & Lombardi acted as legal advisor to Cargill, Incorporated. Cargill, Incorporated completed the acquisition of the remaining 30% stake in Glucovil Argentina S.A from Ledesma Sociedad Anónima Agrícola Industrial (BASE:LEDE) on October 26, 2020.