on EUROFINS SCIENTIFIC SE (isin : FR0014000MR3)
Eurofins Challenges SGS' Termination of Crop Science Operations Agreement
On 15 July 2024, Eurofins Scientific disputed SGS’s announcement to terminate the agreement for the acquisition of its crop science operations. This follows a press release from SGS indicating the termination due to unmet closing conditions by the agreed date.
Eurofins argues that SGS's termination is invalid, insisting that the Master Asset Purchase Agreement (MAPA), signed on 18 December 2023, remains effective. The company is committed to completing the acquisition and is exploring all options to ensure the transaction is finalized.
This development highlights ongoing negotiations and potential legal actions as Eurofins aims to secure the integration of the crop science operations into its portfolio.
R. E.
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