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Sale of Nufarm South America to Sumitomo for $1,188 million

30 Sep 2019

Nufarm Limited ("Nufarm") today announced it had entered into an agreement to sell its South American crop protection and seed treatment operations in Brazil, Argentina, Colombia and Chile ("Nufarm South America") to Sumitomo Chemical Company Limited ("Sumitomo") for $1,188 million cash (on a cash-free, debt-free basis and subject to customary net working capital adjustments on completion) ("Transaction"). Nufarm has also extended its existing commercial agreements and entered into new commercial arrangements with Sumitomo. Click here to read more