04 February 2025, Tokyo: Nissan Chemical Corporation (Head Office: Chuo-ku) has announced that it has concluded a share transfer agreement with Sumitomo Chemical Company, Limited for the acquisition of all of Nissan Chemical’s shares in French company Philagro Holding, S.A..
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., 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.
The impact of this Agreement on
Company name
Philagro Holding, S.A.
Principal place of business
Lyon, France
Year established
1993 *Nissan Chemical’s capital participation was the same year
Representative director
SHOJIMA Shinsuke
Business
Sales and development of agricultural chemicals and supplies
Capital amount
6,100,000 euros
Capital structure
Sumitomo Chemical 60% Nissan Chemical 30% Nihon Nohyaku Co., Ltd. 10% *Before this transfer was implemented
About Kenogard
Company name
Kenogard, S.A.
Principal place of business
Barcelona, Spain
Year established
1981 *Nissan Chemical’s capital participation was 1992
Representative director
Ivan Ibanez
Business
Sales and development of agricultural chemicals and supplies
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