in this issue
World News and Views :: Top of the News
Sumitomo Increases its Stake in Nufarm to 21.7%
6:04 AM MDT | May 10, 2011 | Deepti Ramesh
Sumitomo Chemical says it has increased its shareholding in agchem firm Nufarm (Melbourne) from 20% to 21.7%. Sumitomo also plans to acquire up to an additional 1.3% of Nufarm’s issued capital. Sumitomo agreed to acquire a 20% stake in Nufarm in December 2009, and completed the acquisition of the stake in April 2010 via a tender offer, and the two companies also entered into an agreement to cooperate across a number of business areas. Sumitomo plans to purchase the additional shares from the market within the next six months so that Sumitomo’s...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee