CADE allows sale of Seedcorp's controlling company to Bunge and Advanta
Document from the federal authority states that the operation "does not have the potential to cause harm to the competitive environment"
Wolf Sementes, a company in the hybrid brachiaria segment in Brazil, entered into a partnership with Agrex, a subsidiary of Mitsubishi Corporation, to promote the pasture seed market in the country. Wolf Sementes expects to double its volume in the coming years sales in the region where Agrex operates, which has 16 commercial units distributed in the states of Maranhão, Tocantins, Piauí, Bahia, Pará, Goiás and Mato Grosso.
With expected revenue of R$5 billion in the 2022/23 harvest, Agrex maintains a vertical structure that includes, in addition to trading agricultural inputs, the production of grains and soybean seeds and acting as a trading and financing operation. pre-planting, planting and harvesting. “The movement towards serving the livestock market is another important step towards the diversification of our portfolio and market operations”, says Rodrigo Gerlach Modesto, Executive Commercial Manager at Agrex.
“This important business partnership between Wolf Sementes and Agrex do Brasil is part of our expansion plan. Together we will bring the best to the countryside, by complementing the companies' policy of offering integrated and technological solutions to livestock farmers, building a relationship based on reliability, innovation and efficiency, which includes rural extension activities”, says Alexander Wolf, CEO of Wolf Seeds.
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