Nufarm Limited (ASX: NUF) announced that it has received the notification from the Japan’s Sumitomo Chemical Company, Limited, that it is selling its 15.9% stake in Nufarm. This selling notification came after the Nufarm Limited rejected an AU$12 a share takeover offer from China’s Sinochem.
Both the companies are planning 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.
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