News: NUF Nufarm Ltd to acquire European product portfolio from Adama and Syngenta

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    Oct 24 (Reuters) - Nufarm Ltd (NUF) :

    • Agrees to acquire European product portfolio from Adama Agricultural Solutions and Syngenta AG 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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