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Nufarm completes Syngenta asset purchase

ChemChina acquired Syngenta in May 2017.

Syngenta announced March 16 it has completed the sale of Syngenta and Adama Agricultural Solutions crop protection products to Nufarm Limited.

The transaction, with a value of $490 million, was first announced Oct. 24, 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. 

Related: ChemChina makes $43 billion bid for Syngenta

The combined portfolio of products divested includes off-patent crop protection formulations in the herbicides, fungicides and insecticides as well as inventory.

Related: Syngenta has announced it will enter into a non-exclusive licensing agreement

Source: Syngenta, Chemical and Engineering News

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