KWS Saat SE & Co.KGaA : Disposal of LatAm corn seeds for 'mid 3-digit €m' - improves margin, cuts fin. debt by 2/3, improves FCF profile on lower NWC needs - all positive
>Disposal of LatAm corn seeds for 'mid 3-digit €m' - KWS Saat has announced the disposal of its LatAm corn seeds business including licenses to family owned Argentinian GDM. Enterprise value was indicated 'mid 3-digit €m', i.e. an EV of € 500m and estimated around € 400m post tax cash inflow, with closing expected in calendar Q2 2024. The surprising announcement comes 'against the backdrop of the assessment of the long-term opportunities and risks of the South America...KWS SAAT is a holding company. Through its subsidiaries, Co. is engaged in developing, producing and distributing seed for agriculture. Co.'s operational business is divided into three segments: corn, which is engaged in the production and distribution activities of corn for grain and silage corn, oil and field seed; sugarbeet, which is engaged in the multiplication, processing and distribution activities for sugarbeet seed, as well as Co.'s seed potato business; and cereals, which is engaged in the production and distribution of hybrid rye, wheat and barley, as well as oil and field seed.
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