To platform AgroGalaxy announced this Friday the acquisition 80% of the capital of the Paraná input company Ferrari Zagatto, in a deal of 112.8 million reais, as communicated to the market.
The operation and signing of the contract were approved at a meeting of the Board of Directors of the purchasing company, held the day before.
The closing of the transaction is subject to conditions precedent, including obtaining all necessary regulatory approvals, including that of the Administrative Council for Economic Defense (Cade), said the statement.
“The completion of the transaction, upon closing, will represent another important step for the company in its inorganic growth and consolidation strategy, through the acquisition of yet another company from the AgroGalaxy group.”
O AgroGalaxy is one of the largest agricultural inputs retail platforms in the country, controlled by the private equity fund Aqua Capital, with consolidated net income of 4.5 billion reais in the 12 months ended in March.
Me and Ferrari Zagatto is a chain that operates in the retail of agricultural inputs with 14 stores in Paraná and 9 silos. In 2020, the company’s audited revenue was 579 million reais, with the sale of inputs representing 45% of the total and the grain area with the remaining 55%.
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