BLOG

AGCO announces tender offer for Kepler Weber

08 March 20171 min reading

AGCO, announced intention to launch a tender offer for the outstanding shares of Kepler Weber S.A., the leading Brazilian manufacturer of grain storage and handling equipment.

agcokepler87AGCO, a worldwide manufacturer and distributor of agricultural equipment, announced intention to launch a tender offer for the outstanding shares of Kepler Weber S.A., the leading Brazilian manufacturer of grain storage and handling equipment. AGCO has reached a binding agreement to acquire their blocks of shares totaling approximately 35 percent of the outstanding shares. The price of the Offer will be 22.00 Brazilian Real (US 7.03 dollars) per share, valuing Kepler Weber at 578,9 million Brazilian Real (US 185 million dollars). “The acquisition of Kepler Weber would significantly enhance our market position in the South American grain handling and storage industry,” said Martin Richenhagen, AGCO’s Chairman, President and Chief Executive Officer. “Kepler Weber’s products are complementary to our GSI’s offerings and are recognized by its customers for their design, quality and innovation. This combination would also provide significant marketing synergies and a leadership position in the South American market as well as further strengthen our capabilities to serve large global customers.”

Articles in News Category
08 December 20202 min reading

Roquette announces Pierre Courduroux as new CEO

Pierre Courduroux Roquette, a global leader in plant-based ingredients and pharmaceutical excipie...

07 September 20203 min reading

Iraq sees self-sufficiency in wheat for a third year in 2021

Iraq, formerly the Middle East’s second-biggest wheat buyer, expects to be self-sufficient in the...

26 June 20205 min reading

IGC raises forecast for 2020/21 world wheat production

The International Grains Council (IGC) raised its forecast for global wheat production in the 202...