Isagro closes Phoenix-Del takeover

摘要

Italian agrochemical company Isagro (Milan) has completed its acquisition of fellow Italian agrochemical company, Phoenix-Del. The company has purchased the entirety of Phoenix’s shares for up to €3.6 million ($4.3 million at the current rate), with €3.1 million ($3.7 million) paid upfront. The outstanding amount would be settled in 2023 depending upon the achievement of certain commercial objectives. Further details of the transaction have not been disclosed. Isagro agreed the deal last month.