By: ICN Bureau
Last updated : February 25, 2025 2:38 pm
UPL Global continues to hold 50% of the equity share capital of Origeo
UPL Ltd announced that its step-down subsidiary, UPL Global Ltd, UK, has made a further investment in Origeo Comercio de Produtos Agropecuarios S.A., a joint venture in Brazil. The investment aims to support Origeo's working capital requirements and sustain its business growth. UPL Global invested US$ 22.7 million in Origeo. Subsequent to this investment UPL Global continues to hold 50% of the equity share capital of Origeo.
Investment was made as a part of strategic decision to support working capital requirement in order to sustain Origeo’s business growth.
Origeo, established on July 29, 2021, provides integrated agricultural solutions, including inputs, services, financing, and technical support for farmers in Brazil. The joint venture is a collaboration between UPL and Bunge, a global agribusiness leader.