Santiago Fontana

Ferrere assists Bunge and UPL in acquisition of stake in Seedcorp

Ferrere, through its team in Uruguay, has advised Bunge and UPL, on a regional basis, on the joint acquisition of a minority stake in the Brazilian company Seedcorp|HO, which offers solutions for the agricultural sector.

The acquisition is pending approval by the competent authorities in Brazil and Uruguay.

As a result of this transaction, each of the acquirers will obtain 20% of the shares of Seedcorp, which is owned by the Uruguayan holding company Hosemillas.

The objective of the acquirers is to expand their business portfolio, as well as to strengthen their positions in the Brazilian market and boost their regional presence, as UPL and Bunge already operate in Argentina, Paraguay and Uruguay.

The advisory work involved all aspects related to the due diligence of the Uruguayan company, review of the local aspects of the transaction contracts, as well as advice on antitrust matters.

Ferrere’s team was led by partner Santiago Fontana (pictured), assisted by lawyers Maria Clara Porro, Alejandro Alterwain, María Canziani and Martina Gonzalez.

L Giselle Estrada