SABIC Agri-Nutrients completes procedures to acquire 49% of ETG Inputs

Logo of SABIC Agri-Nutrients Co.

SABIC Agri-Nutrients Co. announced completing the procedures to acquire 49% of ETG Inputs Holdco Ltd. as per the sales and purchase agreement (SPA), according to a Tadawul statement.

The relevant financial impact will appear during the second quarter of 2023.

The acquisition was financed from the company’s resources, the statement noted.

In December 2022, SABIC Agri-Nutrients stated that it is working on meeting the regulatory requirements to complete the acquisition of a 49% stake in ETG Inputs as per the SPA, according to data available with Argaam.

For More Mergers and Acquisitions