UPL’s Brazilian subsidiary to divest Serra Bonita assets

Advanta Comércio de Sementes (Advanta Brazil), a subsidiary of the UPL Group, has announced the sale of all assets of its Brazilian associate, Serra Bonita Sementes SA, for $125 million. This strategic decision is intended to streamline UPL’s asset portfolio and enhance value. The proceeds from the sale will be distributed to Serra Bonita’s shareholders in the upcoming months.

Advanta Comércio de Sementes (Advanta Brazil), a key player in the global seed industry and part of the UPL Group, on Friday announced the sale of all assets of its Brazilian associate company, Serra Bonita Sementes SA, for $125 million, subject to customary closing adjustments. Advanta currently holds a 33 per cent stake in Serra Bonita. The company noted that until the transaction is complete and the subsequent legal dissolution is finalized, Serra Bonita will remain an associate of Advanta Brazil.

Advanta, operating within the UPL Group, specializes in the research, development, production, and commercialization of high-performance seeds, with a dedicated focus on climate-resilient crop varieties.