UPL and other shareholders in Sinagro Produtos Agropecuarios SA., Brazil have signed an agreement with Bunge to sell 33% stake in Sinagro. This acquisition will help Bunge to strengthen its grain orientation strategy in Brazil.
The deal is subject to approval by Brazil's antitrust body, Conselho Administrativo de Defesa Econômica (‘CADE’).
UPL’s associate company Sinagro is a major reseller of grains and agricultural products with a significant presence in Brazil's ‘Cerrado’ savanna region. Bunge is one of the world leaders in sourcing, processing, and supplying oilseed and grain products and ingredients.
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.
