UPL’s overseas subsidiary has completed the transaction to sell its entire 50% stake in the Brazilian agrochemical company Sipcam UPL Brazil S.A.
Earlier in April, the company’s overseas subsidiary had entered into agreement with the Italian company Spicam S.p.A., to sell its entire stake of 50% in the Brazilian agrochemical company Sipcam UPL Brazil S.A. The gross consideration amount of the transaction is $58.50 million (approximately Rs 351 crore).
UPL (formerly United Phosphorus) is global player of crop protection products has customer base in 123 countries. It has subsidiary offices in Argentina, Australia, Bangladesh, Brazil, China, Canada, Denmark, Indonesia, France, Hong Kong, Japan, Korea, Mauritius, Mexico, New Zealand, Russia, Spain, Taiwan, South Africa, USA, UK, Vietnam and Zambia.
| Company Name | CMP |
|---|---|
| UPL | 665.00 |
| PI Industries | 3144.45 |
| Bayer CropScience | 4900.45 |
| Sharda Cropchem | 1109.70 |
| Sumitomo Chemical | 441.95 |
| View more.. | |
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