SLC Agrícola completes R$ 669 million land acquisition in Mato Grosso

SLC Agrícola has finalized the acquisition of a rural property portfolio from Grupo Radar, known as Bloco Mato Grosso. The total transaction value reached R$ 669 million for a total area of 11,100 hectares.

Of the total area, approximately 8,900 hectares are classified as arable land intended for agricultural production, while the remaining 2,200 hectares consist of preservation areas, such as Legal Reserves and Permanent Preservation Areas, as well as operational infrastructure and roads. According to an evaluation report, R$ 644.1 million of the total price corresponds to the useful arable land, with R$ 24.9 million attributed to existing infrastructure.

The deal, which was originally announced in July 2026, received unconditional approval from the Administrative Council for Economic Defense (Cade). The payment was executed in two stages: an initial deposit of R$ 255.15 million into an escrow account upon signing, followed by a final payment of R$ 413.88 million upon fulfillment of the transaction conditions. Bradesco BBI served as the financial advisor for SLC Agrícola.