{"id":103580,"date":"2025-05-13T00:00:00","date_gmt":"2025-05-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/fetriglobe-to-acquire-wengfu-australias-distribution-assets\/"},"modified":"2025-05-13T00:00:00","modified_gmt":"2025-05-13T00:00:00","slug":"fetriglobe-to-acquire-wengfu-australias-distribution-assets","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/fetriglobe-to-acquire-wengfu-australias-distribution-assets\/","title":{"rendered":"Fetriglobe to acquire Wengfu Australia\u2019s distribution assets"},"content":{"rendered":"

Fertiglobe<\/strong> to acquire Wengfu Australia assets to scale Asia-Pacific fertilizer <\/strong>reach: <\/strong>Adnoc-owned urea and ammonia producer and exporter Fertiglobe<\/a> has inked an agreement to acquire the distribution assets of fertilizer supplier Wengfu Australia<\/a>, according to a press release (pdf)<\/a>.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

The details: <\/strong>The asset sale and purchase agreements will see Fetriglobe pay the net values of the assets, made up of liquid inventory and net working capital, as well as a USD 8 mn premium. Its current normalized working capital is estimated to be USD 75 mn, and will be financed through pre-arranged trade and factoring facilities, with no impact on dividends and minimal effect on leverage.<\/p>\n

The timeline: <\/strong>The acquisition is subject to regulatory approvals, but is expected to close soon. It is set to be earnings per share accretive, meaning the earnings per share are expected to increase following the transaction, with a 2.8% uptick expected in 2026 and 4.1% in 2027, before synergies.<\/p>\n

What will Fertiglobe gain? <\/strong>Wengfu Australia\u2019s asset portfolio includes eight warehouses spread across five ports, helping to distribute 700-800 kt of fertilizer annually. There is also capacity to scale-up production to 1.1 mn tonnes annually. The acquisition also widens Fertiglobe\u2019s portfolio to non-nitrogen fertilizers, and increases its customer base and sourcing flexibility to the Asia-pacific region. Fertiglobe already supplies around 600 kt of urea to Australia yearly.<\/p>\n

Barclays just recently <\/strong>initiated coverage<\/a><\/strong> on Fertiglobe<\/strong>, along with other Adnoc firms, with a positive overweight rating, <\/p>\n

About Wengfu Australia: <\/strong>Wengfu Australia was established in 2009 and is a subsidiary of China\u2019s Guizhou Phosphate and Chemical Group<\/a> \u2014 the world\u2019s third-largest phosphate fertilizer manufacturer. Wengfu Australia serves over 200 customers across Southeast Australia.<\/p>\n","protected":false},"excerpt":{"rendered":"

The acquisition is expected to be EPS accretive by 2.8% in 2026 and 4.1% in 2027, before synergies<\/p>\n","protected":false},"author":1,"featured_media":103581,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[57,514,7,207,1344,60],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-103580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-adnoc","tag-australia","tag-enterpriseam-uae","tag-fertiglobe","tag-ma","tag-ma-watch","wpautop","entry"],"acf":{"mongo_id":"8d23fe0a-6aaf-4ab8-9b46-3fa11d046d6e","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/996.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Fetriglobe to acquire Wengfu Australia\u2019s distribution assets","related_issue":[103570],"teaser":"The acquisition is expected to be EPS accretive by 2.8% in 2026 and 4.1% in 2027, before synergies","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.3dd152b2-b691-458d-a76a-e578b9edf5ca.mp3"},"yoast_head":"\nFetriglobe to acquire Wengfu Australia\u2019s distribution assets - 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