Hytech USA is a holding company and controls Misr Hytech Seed International S.A.E. (Hytech Egypt), which is the operating target entity ultimately being acquired by Advanta BV through the acquisition of Hytech USA.

The acquisition of Hytech Egypt is fundamentally a strategic platform acquisition that gives Advanta an immediate leadership position in one of the largest and fastest-growing seed markets in the Middle East and Africa in white and yellow corn.

Upon completion of the transaction, Advanta BV will hold 99.98% of the shareholding in Hytech Egypt.

Advanta BV is a step-down subsidiary of Advanta Enterprises, which is a part of UPL's Seeds and Post Harvest segment under the platform “Advanta”, in which UPL effectively holds 78.21% shareholding.