ThinkStock PhotosSaudi Arabian fertilizers maker SABIC Agri-Nutrients said on Monday it had signed a binding agreement to acquire a 49% stake in ETG Inputs Holdco LTD.
ETG Inputs Holdco blends and distributes fertilizers, seeds and agro-chemicals directly to farmers and customers in several countries in Africa, according to information on its website.
The transaction is based on an enterprise value of $320 million, and subject to regulatory approvals and other terms and conditions, SABIC Agri-Nutrients said in a regulatory disclosure.
The company said it will finance the acquisition through company's resources, in addition to bank facilities.
ETG Inputs Holdco blends and distributes fertilizers, seeds and agro-chemicals directly to farmers and customers in several countries in Africa, according to information on its website.
The transaction is based on an enterprise value of $320 million, and subject to regulatory approvals and other terms and conditions, SABIC Agri-Nutrients said in a regulatory disclosure.
The company said it will finance the acquisition through company's resources, in addition to bank facilities.
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