February 1, 2013
HBK Capital Management has completed the sale of its shares in Brazil's Ade
HBK Capital Management has completed the sale of its shares in Brazil's Adecoagro, raising $112m in a block trade, according to regulatory documents. The US investment firm sold 13.9m shares at $8.00 each, representing a 1% discount to Wednesday’s $8.18 closing price. Morgan Stanley managed. The shares are sold out of the HBK Master Fund, and represent its entire 17.09% stake in the George Soros-backed grower and renewable energy producer operating in Brazil, Argentina and Uruguay.