September 29, 2019 / 10:06 PM / 19 days ago

Australia's Nufarm to sell some South America assets to Sumitomo for $805 mln

Sept 30 (Reuters) - Australian crop protection company Nufarm Ltd on Monday said it will divest its crop protection and seed treatment assets in South America to Japan’s Sumitomo Chemical Co Ltd for A$1.19 billion ($804.80 million).

The divestment includes assets in Brazil, Argentina, Chile and Colombia.

Nufarm and Sumitomo will enter into a two-year supply agreement and transitional services agreement under which Nufarm will provide procurement services and continued supply of certain products to the South American businesses. ($1 = 1.4786 Australian dollars) (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Daniel Wallis)

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