Golbal agri-trade firm Bunge will acquire a 33 per cent stake in Brazil-based Sinagro, an associate company of India’s leading agrochemical firm UPL Ltd.

UPL Ltd and other shareholders in Sinagro Produtos Agropecuarios SA, Brazil (Sinagro) have entered into an agreement with Bunge in this regard.

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Bunge Ltd will acquire a 33 per cent stake in Sinagro to strengthen its grain orientation strategy in Brazil, UPL said in a regulatory filing.