After 169 years of keeping the business in the family, agricultural commodity giant Louis Dreyfus Company (LDC) is open to selling a large non-controlling stake to an external stakeholder, its chairwoman told Reuters...
TechnifyBiz raises $2 million from Omnivore, Insitor in seed round
Agri-tech start-up TechnifyBiz has raised over $2 million ( ₹14 crore) in seed funding from Omnivore and the Insitor Impact Asia Fund. Shashank Kumar and Harshil Mathur, co-founders of Razorpay, also invested in the...
ChemChina, Sinochem merge agricultural assets: Syngenta
ChemChina and Sinochem are consolidating their agricultural assets into a new holding company to be called Syngenta Group, ChemChina unit Syngenta said on Sunday. Chen Lichtenstein, current president and CEO of Shenzhen...
Bridgepoint taps HSBC to prepare sale of agrochemical firm Rovensa – sources
Bridgepoint has been sounding out possible bidders for its Portuguese agrochemical company Rovensa ahead of an auction process early next year that could raise about 800 million euros (£687.26 million), five sources...
Bunge buys minority stake in Brazilian farm supplier
Commodities trader and food processor Bunge Ltd said on Thursday it had bought a 30% stake in Brazilian company Agrofel Grãos e Insumos, which sells agricultural supplies in the southern state of Rio Grande do Sul...
Parrish & Heimbecker buys Louis Dreyfus locations to expand footprint in Canada
Canadian grain company Parrish & Heimbecker Ltd said on Wednesday it has acquired 10 locations of Louis Dreyfus Co, as part of plan to grow its grain supply chain across the country. The deal will help the Winnipeg...
IFC invests $18.75 million in Srinivasa Farms
In a major boost to its operations, Hyderabad-based Srinivasa Farms Pvt Ltd (SFPL) will receive an investment of $18.75 million from the International Finance Corporation (IFC), a member of the World Bank, as part of...
Agri-tech startup Gramophone raises ₹24 crore from InfoEdge, others
Agriculture tech startup Gramophone today said that it has raised ₹24 crore from existing investor InfoEdge, which owns Naukri.com, and impact investors Asha Impact and Better Capital, among others. Gramophone provides...
Australia’s Mackay Sugar accepts Nordzucker takeover
Farmers who own shares in Australia’s Mackay Sugar have voted to accept a takeover offer from Germany’s Nordzucker, helping secure the company’s future against a backdrop of depressed world sugar prices. The offer was...
Australian antitrust watchdog raises concerns on Graincorp-ANZ Terminals deal
Australia’s competition regulator on Thursday expressed concern over the proposed acquisition by ANZ Terminals of Graincorp’s (GNC.AX) Australian bulk liquid terminals unit, potentially delaying the agribusiness firm’s...
Mahindra pick up 11.25% stake in Swiss agriculture technology firm Gamaya
Mahindra & Mahindra’s Farm Equipment Sector (FES) has acquired 11.25 per cent stake in Switzerland-based agriculture technology firm Gamaya for $4.3 million, the Indian company said in a statement on Friday. The...
Australia’s antitrust regulator raises concerns over Landmark-Ruralco deal
Australia’s competition regulator said on Thursday it was examining whether a proposed takeover of Ruralco Holdings Ltd could reduce wholesale competition and lead to discrimination against some independent retail...
