nav Searchuser
Hebei Lansheng Biotech Co., Ltd.
Beijing Multigrass Formulation Co., Ltd.

Nufarm has clearance for sale of Nufarm Brazil to Sumitomoqrcode

Mar. 12, 2020

Favorites Print
Forward
Mar. 12, 2020
Nufarm (ASX:NUF) advises that the General-Superintendent of the Administrative Council of Economic Defence (CADE) in Brazil has provided clearance for the sale of Nufarm Brazil to Sumitomo.

There is a mandatory 15 day waiting period in which members of CADE’s Administrative Tribunal can request the case for a second review.

The sale is expected to occur on 1 April 2020.

The gross purchase price of $1.188 billion will be adjusted to reflect working capital and net debt balances as at 31 March 2020 and the net proceeds received by Nufarm will be used to pay down existing debt facilities.

Picture 0/1200

More from AgroNews

Magazine

2020 Biologicals Special 2020 Formulation & Adjuvant Technology
Annual Review 2019 Chinese issue of Annual Review 2019
2019 CRO & CRAO Manual 2019 Market Insight
I wanna post a press Comment

Subscribe 

Subscribe Email: *
Name:
Mobile Number:  

Comment  

Picture 0/1200

Subscribe to daily email alerts of AgroNews.