UPL-backed Advanta Seeds and Bunge to acquire a 40% stake in SEEDCORP|HO.

UPL-backed Advanta Seeds, a provider of sustainable agriculture solutions, and Bunge, an agribusiness and food company, agreed to acquire a 40% stake in SEEDCORP|HO, an integrated seed platform. Financial terms were not disclosed. "With this transaction we will further solidify the relationship with our partners during harvest planning. Combined with our technical expertise and market knowledge, we will be able to advise on the adoption of seed varieties that best meet demand, including meeting the demand for more sustainable solutions with a focus on reducing the carbon footprint of the entire growing process," Rossano de Angelis Jr, Bunge Vice President of Agribusiness.