AIG Investments, the asset management arm of AmericanInternational Group, said it has invested $65 million in Calyx AgroLtd., which acquires, develops and sells agricultural land in LatinAmerica, mostly in Brazil, and is sponsored by Louis DreyfusCommodities.
AIG Investments and Louis Dreyfus Commodities said that CalyxAgro will use the investment to acquire land, improve itsagricultural production yields, and then sell it at a higher price.The plan, the companies said, is to take advantage of the "growingagribusiness sector" in the region.
"We believe that productive farmland will continue to be in highdemand, driven by the world's growing appetite for agriculturalcommodities and Latin America's competitive position in globaltrade," said Ana Vigon, managing director and head of Latin AmericaPrivate Equity at AIG Investments.
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