Lavoro Limited (NasdaqGM:LVRO) entered into an agreement to acquire controlling interest in Referência Agroinsumos on March 13, 2023. The founding partners will remain at the business following closing of this transaction. Closing of the transaction is subject to the customary conditions precedent for this type of transaction, including prior approval by the Brazilian antitrust authority (Conselho Administrativo de Defesa Econômica).

Referência reported a net revenue of approximately BRL 300 million, in the 2022 fiscal year