UPL’s agreement with Sinagro will strengthen grain orientation strategy in Brazil
UPL and other shareholders in Sinagro Produtos Agropecuarios, Brazil, have announced an agreement in which Bunge will acquire a 33 per cent stake in Sinagro to strengthen its grain orientation strategy in Brazil.
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. The deal announced today is subject to approval by Brazil’s antitrust body, Conselho Administrativo de Defesa Econômica (‘CADE’).
Sinagro was one of the first signatory companies to join Bunge’s “Sustainable Partnership” a groundbreaking initiative, launched in 2021, whereby Bunge helps grain resellers set up socio-environmental assessment systems for suppliers – including satellite monitoring – at the farm level. Program participants can adopt independent geospatial imaging services or use Bunge’s structure at no cost.
