Soros’s Adecoagro Drops Argentine Dam on Environmental Dispute
This article is for subscribers only.
Adecoagro SA, the South American farm venture backed by billionaire George Soros, pulled out of a project to build a dam and grow rice in Argentina after the government said the development may harm the environment.
Adecoagro, whose headquarters are outside Buenos Aires, opted out of the project known as Ayui Grande in northeastern Argentina because it doesn’t want to participate in a controversial development, a company official, who can’t be named under corporate policy, said in a phone interview today.