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Americold Realty Trust, the world's largest publicly-traded REIT focused on temperature-controlled warehouses, announced it has entered into a definitive agreement to acquire privately-held Agro Merchants Group for $1.740 billion. The acquisition will expand Americold's footprint into Europe and add complementary locations in the US, South America and Australia.
Americold Realty Trust entered a strategic joint venture to acquire approximately 15% of SuperFrio, a Brazilian temperature-controlled storage operator, for BRL 118 million (approx. USD 28 million). The transaction is expected to close in Q1 2020.