English 
搜索
Hebei Lansheng Biotech Co., Ltd. ShangHai Yuelian Biotech Co., Ltd.

Nutrien acquires Australian Ag retailer Ruralcoqrcode

Feb. 28, 2019

Favorites Print
Forward
Feb. 28, 2019

Nutrien Ltd
Canada  Canada
Follow

Follow

Nutrien Ltd. announced that it has entered into a binding agreement with Ruralco Holdings Limited. to acquire all the shares of Ruralco at a price of A$4.40 per share.
 
"The combination of our Landmark operations with Ruralco in Australia is expected to provide significant benefits for all stakeholders including delivering excellent value for both Ruralco and Nutrien shareholders. The acquisition is anticipated to be immediately accretive to Nutrien and is expected to have a post-synergy EBITDA multiple of 5.6 based on 2018 results," stated Nutrien President and CEO Chuck Magro.
 
The head of Landmark, Rob Clayton, commented that, "The combined business will further strengthen the service and innovation that Landmark delivers to Australian growers. With an outstanding team across Australia and access to Nutrien's expertise, we will provide enhanced solutions and greater value to help Australian growers in an increasingly competitive global market."
 
The Nutrien transaction is to be executed via a scheme of arrangement under Australian law and is subject to customary conditions precedent in transactions of this type, including Ruralco shareholder approval and regulatory approval from the Australia Competition and Consumer Commission and the Australian Foreign Investment Review Board.
 
Ruralco has 105,052,247 ordinary shares outstanding and 1,449,648 outstanding performance rights, share rights and matched shares that will vest prior to the record date resulting in a purchase price of A$469 million.
Source: Nutrien

0/1200

More from AgroNewsChange

Hot Topic More

I wanna post a press Comment

Subscribe 

Subscribe Email: *
Name:
Mobile Number:  

Comment  

0/1200

 

NEWSLETTER

Subscribe AgroNews Daily Alert to send news related to your mailbox