Ridley Corporation Limited ( ($AU:RIC) ) has shared an update.
Ridley Corporation Limited has announced its acquisition of Dyno Nobel Limited’s fertiliser distribution business for $300 million, excluding certain manufacturing operations and associated costs. This acquisition positions Ridley as a stronger player in the agricultural services industry, with the potential for significant earnings growth by FY26. The acquisition will be funded through a combination of new debt facilities, a $125 million equity raise, and vendor notes, with support from its major shareholder, AGR Agricultural Investments LLC.
More about Ridley Corporation Limited
Ridley Corporation Limited is a leading diversified Australian agricultural services company, primarily involved in commodity risk management and logistics. The company focuses on the distribution of agricultural products, leveraging key relationships with existing customers.
YTD Price Performance: -12.08%
Average Trading Volume: 405,813
Technical Sentiment Signal: Hold
Current Market Cap: A$735.9M
Find detailed analytics on RIC stock on TipRanks’ Stock Analysis page.
