Australia's Nufarm jumps on energy cane assets acquisition
09/09/2022 02:26
** Shares of Australia's Nufarm Ltd NUF.AX rise as much as
3.9% to A$5.465, their highest since Aug. 26
** Shares jump as the global crop protection company
acquires energy cane assets from Brazilian industrial
biotechnology company, GranBio urn:newsml:reuters.com:*:nASX42RDx7
**Co acquires energy cane assets in a deal valued at $25 mln
** The seed tech company also adds that deal has
"significant potential" to contribute to medium to long-term
earnings growth
** Stock has gained 5.6% this week so far
** Stock has risen 8.5% this year as of last close
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))
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