UPL’s arm signs definitive agreement to acquire entire stake of IBC

21 Nov 2018

UPL’s wholly owned subsidiary-- UPL Corporation, Mauritius has signed a definitive agreement to acquire directly or through its subsidiaries 100% of the shares of INDUSTRIAS BIOQUIM CENTROAMERICANA, SOCIEDAD ANONIMA (IBC), a company based out of Costa Rica, and certain other group companies situated in Caribbean and Central American Region (collectively 'Bioquim Group').

The closing of the above transactions is subject to the satisfaction of customary closing conditions and regulatory approvals.

UPL 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.

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