Announced
Completed
Financials
Tags
Single Bidder
Cross Border
Italy
Friendly
Public
Majority
agropharmaceuticals
Fertilizers
Tender Offer
Acquisition
Privatisation
Completed
Synopsis
Gowan, an agricultural solutions provider, completed the acquisition of Piemme, a holding entity of agropharmaceuticals company Isagro. Upon completion of the transaction, Gowan will launch a mandatory tender offer for shares in Isagro. The transaction values the equity of Isagro at c. $127m. After acquisition of Isagro, its shares will be delisted. “As a partner since 2013, Isagro has repeatedly impressed us. We look forward to expanding commercial opportunities, especially integrating the manufacturing and science depth at Isagro Group’s facilities. These additional competencies are instrumental in positioning Gowan as global agricultural practices evolve," Juli Jessen, Gowan CEO.
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