Brazil: SLC Agrícola acquired Terra Santa
15 July 2021
SLC Agrícola, Brazilian publicly listed large-scale crop producer, has lately acquired Terra Santa, another Brazilian publicly listed agricultural company. The worth of the acquisition deal was $148.5 million. After the merger process of two companies is completed, the shareholders of Terra Santa will have their shares replaced by the shares of the newly established company Terra Santa Properties Agrícolas which will be engaged in rural estate business. Meanwhile, SLC Agrícola has leased 39,000 hectares of farmland formerly operated by Terra Santa for the next 20 years.