中化

SINOCHEM OFFERS $2.4BN FOR NUFARM

Sinochem made a A$2.8bn (US$2.4bn) cash bid for Australia's Nufarm on Monday in a deal that could significantly expand the Chinese group's global footprint in agricultural chemicals.

The A$13 a share offer was pitched at a 17 per cent premium to Nufarm's last traded price of A$11.14 and came two months after the Australian group said it had been approached by Sinochem.

Although Chinese takeover interest in Australia has been focused on resources companies, Nufarm has for years been in the sights of Chinese chemicals groups.

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