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Makhteshim to acquire majority stake in agchems company in Chile

10:00 AM MDT | May 14, 2013 | Francinia Protti-Alvarez

Makhteshim Agan (Tel Aviv) and ChileAgro Solutions (Calera de Tango, Chile) have entered into a definitive agreement under which Makhteshim is to acquire a majority stake in ChileAgro, the companies announced today. Financial details of the transaction were not disclosed. The deal will give Makhteshim a marketing and distribution platform in the Chilean agricultural chemicals market. "ChileAgro is well known in Chile for its close relationships with its customers and comprehensive knowledge of the domestic market. Their excellent positioning within the...

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