agrochemicals

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OCI to Sell Iowa Fertilizer Stake to Koch for $3.6 Billion

Dutch fertilizer and industrial chemicals group OCI Global has agreed to sell 100% of its equity interests in its US nitrogen fertilizer facility Iowa Fertilizer Company (IFCO), located in Wever, Iowa, to Koch Ag & Energy Solutions (KAES) for $3.6 billion.

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ADNOC to Acquire OCI’s Stake in Fertiglobe for $3.6 Billion

Abu Dhabi National Oil Company (ADNOC) has agreed to acquire OCI Global's entire majority stake in fertilizer producer Fertiglobe for $3.62 billion. Fertiglobe is a joint venture established in October 2019 between the state-owned oil company of the United Arab Emirates (UAE) and the Dutch fertilizer and industrial chemicals group.

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Yara to Divest Fertilizer Business in Ivory Coast

Yara has decided to divest its fertilizer import and distribution subsidiary in Ivory Coast. The move follows a thorough analysis of the company’s operations, considering market dynamics, regulatory environment, and strategic growth opportunities.

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Azelis to Acquire Agrochemicals Distributor Agspec Australia

Azelis has agreed to acquire 100% of the shares of Agspec Australia, a leading distributor of crop nutrition, crop protection and specialty agricultural products in Australia. Financial terms of the transaction, which is expected to close in the first quarter of 2024 and is subject to customary closing conditions, were not disclosed.

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Syngenta Opens Biological Seed Treatment Center in Germany

Swiss-based and Chinese-owned agrochemicals company Syngenta has opened its first biologicals service center at the group’s Seedcare Institute in Maintal, Germany, addressing growing farmer demand across the EU for biological seed treatment solutions.

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Bill Anderson to Be Bayer CEO from June 1

Bowing to growing pressure from activist investors with different missions, the supervisory board of tradition-steeped German pharmaceuticals and agrochemicals player Bayer has announced the appointment of a new CEO to succeed embattled incumbent Werner Baumann — a year before the end of the current chief executive’s regular term.

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Bayer Draws Attention from Activist Investors

As Bayer’s board prepares to search for a new CEO to succeed Werner Baumann, the German pharmaceuticals and agrochemicals group has attracted the attention of two activist investors interested in pulling its share price out of the doldrums and reaping the rewards.

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Borealis Confirms Squeeze-Out Offer for Rosier

Borealis has confirmed its intention to launch a squeeze-out offer for Belgian fertilizer producer Rosier. It already held 77.5% of Rosier and raised its shareholding to 98.09% through a capital increase late last month.

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IMCD Expands in China with Welex Buy

IMCD China, part of Netherlands-headquartered multinational chemicals distributor IMCD, has agreed to take over specialty distribution company Welex, boosting its footprint in China.

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