UPL Ltd

UPL Invests $86.7M in Brazil Associate Sinova 📊🌾

- UPL Brazil invests $86.7M (BRL 450M) in associate company Sinova Inovações Agrícolas S.A.

- Sinova is a major reseller of grains and agricultural products in Brazil's Cerrado savanna

- Historical turnover: $849M (2023), $417M (2024), $329M (2025)

- Investment addresses Sinova's working capital needs and reduces debt

- Supports UPL's product promotion and sales in Brazil

- UPL Brazil's stake increases from 49.97% to 55.81%

- Sinova remains an associate company (not controlled)