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.
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.