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SYNGENTA, ADAMA COMPLETES SALE OF CERTAIN CROP PROTECTION PRODUCTS TO NUFARM
Mar. 16, 2018
Source: Syngenta news release
Syngenta announced today completion of the sale of a portfolio of Syngenta AG ("Syngenta") and Adama Agricultural Solutions Ltd ("Adama") crop protection products to Nufarm Limited ("Nufarm").
The transaction, with a value of $490 million, was first announced on 24 October 2017 and has since been progressing through the required regulatory approvals. The transaction was carried out in accordance with the commitments given to the European Commission relating to ChemChina's acquisition of Syngenta, which was completed in May 2017.
The combined portfolio of products divested includes off-patent crop protection formulations in the herbicides, fungicides, insecticides and other categories in the EEA as well as inventory.
About Syngenta
Syngenta is a leading agriculture company helping to improve global food security by enabling millions of farmers to make better use of available resources. Through world class science and innovative crop solutions, our 28,000 people in over 90 countries are working to transform how crops are grown. We are committed to rescuing land from degradation, enhancing biodiversity and revitalizing rural communities. To learn more visit www.syngenta.com and www.goodgrowthplan.com. Follow us on Twitter® at www.twitter.com/Syngenta.
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