Agco announces definitive agreement to sell its grain & protein business

Duluth, ga. , july 25, 2024 /prnewswire/ -- agco corporation (nyse: agco), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced it has entered into a definitive agreement to sell the majority of its grain & protein business to american industrial partners ("aip") in an all-cash transaction valued at $700 million, subject to working capital and other customary closing adjustments.
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