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 0.7074 -0.0010 -0.14%
AUD 0.9522 -0.0019 -0.20%
EUR 0.6407 -0.0018 -0.28%
GBP 0.5314 0.0027 0.51%
HKD 5.4878 -0.0085 -0.15%
JPY 72.1460 -0.1800 -0.25%

Commods

Commodity Price Change Time
Gold Index 1322.4 60.100 2016-06-24T00:
Oil Brent 49.0 0.120 2016-06-24T00:
Oil Nymex 47.6 -2.520 2016-06-24T00:
Silver Index 17.8 0.440 2016-06-24T00:

Indices

Symbol Open High Last %
NZX 50 6667.8 6697.7 6667.8 0.29%
NASDAQ 4715.8 4798.2 4910.0 -4.12%
DAX 9516.9 9589.3 9557.2 -1.97%
DJI 17946.6 17946.6 18011.1 -3.39%
FTSE 6138.7 6138.7 6138.7 -1.51%
HKSE 19982.7 20329.2 20259.1 -0.16%
NI225 15153.1 15324.0 14952.0 2.39%
ASX 5113.2 5154.9 5113.2 0.47%