DVA Agro do Brasil S.A. shareholders sold a 51.0% equity stake to United Phosphorus
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Exclusive financial advisor to the shareholders of DVA Agro do Brasil
July 2011![](https://olimpiapartners.com.br/wp-content/themes/olimpia-parrters/img/linha.png)
• In July 2011, Indian crop protection company United Phosphorus Ltd (currently UPL Limited) acquired a 51% stake in DVA Agro do Brasil S.A. for US$150 million
– The transaction included a primary issuance in DVA Agro Brasil together with a secondary purchase of shares from the existing shareholders
– DVA Agro do Brasil changed its name to UPL do Brasil S.A.
• In March 2015, UPL acquired the remaining share of DVA Agro do Brasil’s original shareholders
• DVA Agro do Brasil is engaged in the production, marketing, selling and distribution of crop protection products and specialties in the Brazilian agrochemicals market
– The Company has a highly diversified product offering and has invested heavily in several product registrations in preparation for significant growth for the next several years
• Established in 1969, UPL is a leading global producer of crop protection products, intermediates, specialty chemicals and other industrial chemicals
– UPL is the third largest global producer of patented crop protection products
– The company is also the 7th largest producer of crop protection products