Brazilian grain trader Amaggi announced on 10 January that it had entered into negotiations to acquire Mato Grosso, Brazil-based grain producer Companhia Agricola do Parecis (Ciapar).

Amaggi, owned by the family of Brazilian Agriculture Minister Blairo Maggi, said the deal had been approved by Brazil’s Administrative Council for Economic Defense (CADE), but was subject to other conditions, reported World Grain on 11 January.

Included in the deal, for which financial terms were not disclosed, was the Italmarati Norte farm, which has approximately 105,000ha of cultivation area for soya, corn and cotton.

World Grain said Amaggi was founded in 1977 and was active in agricultural production, commodities, shipping, logistics and energy in all areas of Brazil, as well as in Argentina, China, the Netherlands, Norway, Paraguay and Switzerland.