AGCO Corporation (NYSE: AGCO) has recently announced the completion of the sale of its ownership interest in Tractors and Farm Equipment Limited (TAFE) for a total of $260 million. After-tax proceeds from the sale amounted to approximately $230 million. This sale marks a significant development for AGCO, as it represents a strategic shift in its investment portfolio.
The substantive provisions of several previously disclosed agreements that AGCO entered into with TAFE on June 30, 2025, have become effective as part of the sale process. Additionally, the letter agreement between AGCO and TAFE, dated April 24, 2019, and most recently amended on July 7, 2025, has expired.
This transaction and the associated agreements were filed with the U.S. Securities and Exchange Commission on July 1, 2025, as exhibits to a Form 8-K filing.
AGCO, a global leader in the design, manufacture, and distribution of agricultural machinery and precision ag technology, reported net sales of approximately $11.7 billion in 2024. Now, with the completion of this sale, the company is positioned to reallocate its resources and focus on its core business and strategic objectives. Following these announcements, the company's shares moved -1.58%, and are now trading at a price of $106.19. For the full picture, make sure to review 's 8-K report.
