Nufarm has received notification overnight from Sumitomo Chemical Company Limited regarding its decision to sell its 15.9% shareholding in Nufarm.

In 2010, Sumitomo Chemical acquired 20% of Nufarm's outstanding shares and began a comprehensive business alliance with the company. The companies are currently generating major synergies in the development and sales of agricultural chemicals in over 30 countries around the world.

Nufarm and Sumitomo plan to continue their mutually beneficial business alliance that started more than 12 years ago. The crop protection business is important to both companies and therefore the desire to continue to grow the commercial relationship and synergies in global agriculture markets remains a key objective.

 

Sumitomo’s news release can be found here:

https://www.sumitomo-chem.co.jp/english/news/detail/20220524e.html