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Our Bureau

Mumbai , Nov. 5

UNITED Phosphorus Ltd has informed BSE that United Phosphorus Inc, a subsidiary of the company in US, has acquired 100 per cent shares of AG Value Inc, at a consideration of $35.75 million (around Rs 161 crore).

This company is a supplier and registrant of crop protection products in California, US. "The acquisition will relate to all stocks of the company and related entities, all the assets, products registrations and other properties and rights associated with the business of AG Value and its subsidiaries and affiliates," it said in a notice to BSE.

The acquisition expands and consolidates the company's position in the North American markets in the key agriculture and speciality market segments.

More Stories on : Mergers & Acquisitions | Fertilisers

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