Sumitomo Chemical Company, Limited (“Sumitomo Chemical”) announced today that it has agreed with Nufarm Ltd. (“Nufarm”), the leading crop protection company in Australia, to acquire all shares of Nufarm’s four South American subsidiaries in Brazil, Argentina, Chile and Colombia, through Sumitomo Chemical’s fully owned subsidiaries in the region, i.e. Sumitomo Chemical Brazil for the Brazilian subsidiary, and Sumitomo Chemical Chile for the others. The acquisition is due to be completed upon approval by Nufarm’s shareholders’ meeting scheduled for December this year, subject to clearance by relevant regulatory authorities.
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