Global Agribusiness: Deal Activity, September 2015

This monthly deals report provides a review of recent agribusiness M&A news as well as updated trading and transaction multiples.

Key headlines this month: 

  • The European Commission has given JBS the go ahead for its US$1.5bn acquisition of Moy Park, Ireland
  • Monsanto drops its US$46bn bid for Syngenta
  • Syngenta to offer its vegetable seed business for sale to fund a US$2bn share buyback
  • Potash Corp. announces it is not actively discussing its US$8.9bn standing offer for K+S with management
  • China's sovereign wealth fund to sell 12.5% stake in Potash producer Uralkali for US$1.2bn
  • B+G Foods to acquire canned vegetable brands Green Giant and Le Sueur from General Mills for US$765m, subject to regulatory approval
  • Customer owned agricultural retailers Land O'Lakes and United Supplies to merge after strong support on both sides
  • Cargill appoint current President and CEO, David MacLennan, Chairman of the board.

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Craig Armitage

Craig Armitage

Managing Partner, Te Waipounamu and China Business Group Lead, PwC New Zealand

Tel: +64 21 616 232

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