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BRIEF-Nufarm Ltd to acquire European product portfolio from Adama and Syngenta

Published 24/10/2017, 10:29 am
© Reuters.  BRIEF-Nufarm Ltd to acquire European product portfolio from Adama and Syngenta
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Oct 24 (Reuters) - Nufarm Ltd NUF.AX :

* Agrees to acquire European product portfolio from Adama Agricultural Solutions and Syngenta AG (SIX:SYNN) for cash consideration of US$490 million

* Portfolio is expected to contribute net sales of about A$250M and EBITDA of about A$95-100 MLN in 2019 financial year

* Acquisition to be mid to high single digit earnings per share accretive (pre-amortisation) in first full year of Nufarm ownership

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