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Nufarm completes $1.18bn deal

Corporate and M&A
Nufarm
Arnold Bloch Leibler advised Nufarm Limited to complete the sale of its Latin American business to Sumitomo Chemical Company Limited for $1.18 billion.

The deal, announced on 30 September last year, was completed on 1 April 2020. The sale consists of Nufarm’s South American crop production and seed treatment operations in Brazil, Argentina, Colombia and Chile. 

Nufarm Managing Director and Chief Executive Officer, Greg Hunt commented on the deal: “The sale of our South American businesses significantly strengthens our balance sheet and enables us to focus on improving cash generation across our businesses”. 

ABL Corporate Partner Jonathan Wenig led the transaction with Banking & Finance Partner Gen Sexton, assisted by Senior Associate Rebecca Zwier and Lawyers Luke Jedynak and Jessica Wills.

Jonathan Wenig congratulated Nufarm on behalf of the ABL team: “It was a huge achievement to get the deal closed in the current climate. We are delighted to have worked with Nufarm to close this landmark deal."

About Arnold Bloch Leibler 

Arnold Bloch Leibler is a premium Australian commercial law firm renowned for advising clients on their most important transactions, commercial issues and disputes. From offices in Melbourne and Sydney, the firm provides advice to a diverse range of entrepreneurial Australian listed companies, family businesses, high-net-worth individuals and international corporations. The firm also has a dedicated pro bono practice providing advice on social, environmental and cultural issues to more than 150 charitable and not-for-profit organisations.

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