Japanese company cements stake in Nufarm

Nufarm has confirmed that Japanese company Sumitomo Chemical has acquired 20% stake in the company.

Early last month, Nufarm shareholders approved the acquisition of up to 20% of the company at $A14 a share.

Sumitomo’s strongest business focus was in insecticides and fungicides – small market sectors for Nufarm.

In March, Nufarm indicated it would undertake a $A250 million equity capital raising with a renounceable entitlement offer to all sharesholders, following Sumitomo’s offer.

ASX: NUF


Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

Comments & Questions

Commenter icon key: Subscriber Verified

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.6721 -0.0028 -0.41%
AUD 0.9337 -0.0017 -0.18%
EUR 0.5993 -0.0031 -0.51%
GBP 0.4635 -0.0027 -0.58%
HKD 5.2190 -0.0240 -0.46%
JPY 73.3970 -0.4450 -0.60%

Commods

Commodity Price Change Time
Gold Index 1248.5 -3.360 2016-05-23T00:
Oil Brent 48.9 -0.340 2016-05-23T00:
Oil Nymex 48.1 -0.330 2016-05-23T00:
Silver Index 16.4 -0.110 2016-05-23T00:

Indices

Symbol Open High Last %
NZX 50 6907.8 6907.8 6907.8 -0.51%
NASDAQ 4771.6 4792.6 4769.6 -0.08%
DAX 9798.9 9895.0 9842.3 0.52%
DJI 17507.0 17550.7 17500.9 -0.05%
FTSE 6136.4 6170.5 6136.4 0.51%
HKSE 19828.0 19870.2 19809.0 0.11%
NI225 16605.0 16605.0 16654.6 -0.94%