The Commerce Ministry is planning merger of the commodity boards and set up an umbrella organisation in order to improve production and exports of plantation crops like tea, coffee, and spices. Some of these boards were...
Actelion, Syngenta takeovers set to shake up Swiss SMI index
The looming foreign takeovers of biotech group Actelion and agrochemicals firm Syngenta look set to trigger the biggest shake-up in the Swiss blue-chip SMI index.SSMI in years just as passive investing makes membership...
Mahindra Group plans to sell minority stake in agri unit to PEs
The tractors-to-technology Mahindra Group is planning to sell a minority stake in its subsidiary Mahindra Agri Solutions to raise up to Rs 300 crore as it looks to triple revenues to Rs 3,000 crore in three years to...
Monsanto shareholders back Bayer deal, CEO hopeful of U.S. approval
Shareholders of U.S. seeds and agrochemicals company Monsanto Co (MON.N) approved the company’s $66 billion acquisition by Bayer AG (BAYGn.DE) on Tuesday, a deal that still requires regulatory approval to close as...
Mahindra to purchase Netherlands’ OFD Holding for €5 million
Mahindra & Mahindra Ltd, through its unit Mahindra Agri Solutions Ltd (MASL), has agreed to acquire a stake of up to 60% in the Netherlands-based fruit distribution company OFD Holding BV for around €5 million...
ChemChina setting up $5 billion fund to help finance Syngenta bid: Basis Point
China National Chemical Corp (ChemChina) is setting up a fund that will aim to raise $5 billion to help finance its purchase of Swiss seeds group Syngenta (SYNN.S), two sources with direct knowledge of the matter told...
ADM sells stake in Australia’s GrainCorp
U.S. agricultural commodities trader Archer Daniels Midland Co (ADM.N) has sold its 19.9 percent stake in GrainCorp Ltd (GNC.AX) to underwriters UBS just three years after a failed bid to wholly acquire the Australian...
Agrium-Potash merger set for shareholder approval -source
Shareholders of Agrium Inc (AGU.TO) and Potash Corp of Saskatchewan Inc (POT.TO) are set to overwhelmingly approve a merger of the two Canadian fertilizer producers, according to a source familiar with the situation...
Hatsun Agro to invest Rs 850 cr till end of next fiscal year
Hatsun Agro Product Ltd is planning to invest around Rs 850 crore during the current fiscal year and next fiscal year, in order to set up two milk processing facilities, along with expansion of existing facilities and...
Sinochem unit says has no knowledge of merger with ChemChina
Sinochem International Corp (600500.SS), a unit of state-owned Sinochem Group, said on Monday it has received no information regarding a proposed merger of its parent company with rival ChemChina. The two state-owned...
Advent International nears deal to acquire Culligan
Private equity firm Advent International Corp is nearing a deal to acquire U.S. water treatment company Culligan International from buyout firm Centerbridge Partners LP for more than $900 million, including debt, people...
Agrium, Potash to hold shareholder votes on merger next month
Agrium Inc (AGU.TO) and Potash Corp of Saskatchewan (POT.TO) shareholders will hold separate meetings next month to vote on a merger agreement between the two fertilizer companies, they said in a filing on Thursday. The...
