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Sinochem to Buy Nufarm?

11:54 PM MDT | July 23, 2009 | Deepti Ramesh

Agchem firm Nufarm’s (Melbourne) shares were up nearly 9% today in the Australian stock exchange on speculation that Sinochem (Beijing) may take over Nufarm, say press reports. Discussions between Sinochem and Nufarm are on, and Sinochem has hired the Royal Bank of Scotland (Edinburgh) to advise the company on its approach to Nufarm, Australian media reports say. This follows Nufarm’s discussions in 2007 with a consortium of investors, which comprised of China National Chemical (ChemChina; Beijing), The Blackstone Group, and Fox Paine Management, to...

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