AgroGalaxy Participações S.A. (BOVESPA:AGXY3) agreed to acquire 80% stake in Agrocat Distribuidora De Insumos Agricolas Ltda for BRL 180 million on September 8, 2021. The transaction is pending approval from antitrust council CADE and would probably be completed with funds of the IPO held last July. The proceeds will be channelled in the acquisition of the Paraná sate -based Ferrari Zagatto. For the year ending June 30, 2021, Agrocat reported revenues of BRL 835 million. José Diaz and Bruno Drago of Demarest Advogados acted as legal advisors for AgroGalaxy Participações.