Odey Slashes Stake in Brazil Agriculture Powerhouse Amid Scandal
- Fund’s interest in SLC falls below 1.4% of total stock
- Odey founder is facing fallout from sexual assault allegations
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Odey Asset Management LLP slashed its holdings of Brazil’s farming powerhouse SLC Agricola SA as the fund grapples with fallout from sexual assault allegations against its founder.
Odey’s interest in SLC was below 1.4% of total stock as of July 5, the firm said in a letter made public by the crop producer. That’s down from a previous 9% stake as of late May that made Odey SLC’s largest shareholder after the founding Logemann family, which controls the company.