Cheminova to take over Stahler
Cheminova is to become the major shareholder of the German agrochemical group, Stahler (Stade). It has agreed to purchase a 25% stake for €9.1 million ($13.4 million at the current rate). That would take Cheminova’s holding to 75% after it acquired a 50% stake in Stahler for €30 million ($44.2 million) last year ( Agrow No 535, p 1). Cheminova also has the option to take full ownership in five years’ time “at a price based on Stahler’s performance”, it says.