Nissan Chemical Corporation (Head Office: Chuo-ku, Tokyo; President: YAGI Shinsuke, hereinafter″Nissan Chemical″) announces that it has concluded a share transfer agreement (hereinafter″Agreement″) with Sumitomo Chemical Company, Limited (Head Office: Chuo-ku, Tokyo; President: IWATAKeiichi, hereinafter″Sumitomo Chemical″) for the acquisition of all of Nissan Chemical’s shares in French company Philagro Holding, S.A. (hereinafter “Philagro”)
Nissan Chemical has also reached a basic agreement with Sumitomo Chemical regarding the transfer of all of its shares in Spanish company Kenogard, S.A. (hereinafter “Kenogard”), and the contract is scheduled to be concluded during the fiscal year ending March 2025.
Nissan Chemical has positioned Philagro and Kenogard as important sales bases in France and Spain, two of the world’s leading agricultural nations. As environmental regulations in Europe become stronger, Nissan Chemical will continue to work to maximize profits in its agricultural chemicals business in the region by implementing sales strategies optimized for each country.
