Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

SLC Agricola Rises Most in Four Weeks on Brazil Land Venture

May 31 (Bloomberg) -- SLC Agricola SA rose the most in four weeks after it signed a contract with Valiance Asset Management Ltd. to create a joint venture to invest in Brazilian agricultural land.

The farm company gained 2.1 percent to 18.64 reais at 11:40 a.m. in Sao Paulo, after earlier rising as much as 5.2 percent in the steepest intraday advance since May 4. The benchmark Bovespa index dropped 0.7 percent.

Valiance will invest $239 million in the venture by 2014 and will hold a 49.4 percent stake, while SLC will own the remainder, according to a regulatory filing.

To contact the reporter on this story: Karen Eeuwens in London at keeuwens@bloomberg.net

To contact the editor responsible for this story: Helder Marinho at hmarinho@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.