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Ridley Corporation Limited (ASX:RIC)

ALERT: Price-sensitive ASX Announcement for RIC
Current share price for RIC : $2.670 -0.35 (-11.59%)+
Announcement
Release
1 Oct 2025 9:02AM
Price at Release
$3.020
Full Release
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Summary
Ridley Corporation Limited announced the completion of its acquisition of Dyno Nobel’s Incitec Pivot Fertilisers business as of 30 September 2025. This acquisition, which was initially announced in May 2025, was valued at $300 million. It also includes put/call options to acquire the Geelong North Shore property for an additional $75 million. The acquisition aims to establish a new growth pillar for Ridley, enhancing its position as a leading diversified Australian agricultural services company.
Key Points
  • Completion of acquisition of Incitec Pivot Fertilisers by Ridley Corporation Limited.
  • Initial acquisition announcement made in May 2025.
  • Acquisition valued at $300 million, with put/call options for Geelong North Shore property at $75 million.
  • Establishes a new growth pillar for Ridley.
  • Reinforces Ridley's position in the Australian agricultural services sector.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.