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Agriterra expands Sierra Leone cocoa operation

Agriterra (LON:AGTA) said its subsidiary Tropical Farms has expanded its cocoa and farming operations in Sierra Leone.

It has done so by acquiring a 50-year lease, with a 21 year extension option, over a previously producing cocoa and coffee plantation.

The site covers 1,208 hectares, 40 kilometres from Kenema, the country’s third-largest city.

Previously run by Beresfords, the international plantation group prior to the civil war, it will be rehabilitated and redeveloped.

A deal to acquire a further 546 hectares, to the north of the plantation, has also been signed on the same terms as the plantation.

https://www.proactiveinvestors.co.uk/companies/news/53631/agriterra-expands-sierra-leone-cocoa-operation-53631.html