Advanta Comércio de Sementes Ltda. (“Advanta Brazil”), a leading global seed company and part of the UPL Group, has announced the sale of all assets of its Brazilian associate company, Serra Bonita Sementes S.A. (“Serra Bonita”), for a total consideration of USD 125 million, subject to closing adjustments. Advanta holds a 33% stake in Serra Bonita.
This strategic transaction highlights UPL’s focus on optimizing its asset portfolio and unlocking shareholder value. The proceeds from the sale will be received by Serra Bonita and are expected to be fully distributed to its shareholders in the coming months. The sale process will conclude with the legal winding-up of Serra Bonita.
Advanta, as part of UPL Group, specializes in the research, development, production, and commercialization of high-performance seeds, with an emphasis on climate-smart crops designed to tackle global climate variability. The company’s strengthened collaboration with the Roquetto Group underlines its commitment to sustainable innovation and the promotion of regenerative agriculture practices throughout Brazil.
UPL also extended its gratitude to the management, employees, and shareholders of Serra Bonita for their valuable partnership and contributions over the years, reaffirming its dedication to continued shared growth and enhanced strategic alignment.
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