Syngenta announced on 16 March the 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 USD 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.
