Adama Postpones IPO

Meaning of the name – ADAMA: -One simple name, that has many meanings behind it -It has the Hebrew meaning of the word “earth” – which talks about our connection to agriculture and the land -MA – stands for our heritage – Makhetshim and Agan -AD – stands for advance -ADAMA can be divided between DAMA (feminine) and ADAM (masculine) -AMA in many language stands for “mother” – mother earth -It stands for our “down to earth organization” – our approach and our attitude -3 A’s equally divide our new name balancing between past, present and future. credit: Adama

Adama Agricultural Solutions Ltd announced that, as a result of adverse equity market conditions, it has ceased marketing of its proposed initial public offering of its ordinary shares, which had been expected to be listed on the New York Stock Exchange. The company will evaluate the timing for the proposed offering as market conditions develop.

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Adama will continue to drive its strong business momentum and work towards the closing of the recently announced acquisition of the Chinese Businesses from ChemChina, subject to obtaining the required approvals and fulfillment of other conditions to closing.

Read more about the postponement here.