Agco Corporation Sells TAFE Ownership Stake for $260 Million

By Hao Liu • Wednesday, October 01 10:21 • Permanent Link

Agco Corporation (NYSE: AGCO) has recently completed 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 amount to approximately $230 million. The sale was finalized on September 30, 2025, and as a result, the substantive provisions of several previously disclosed agreements with TAFE became effective, while a letter agreement between Agco and TAFE dated April 24, 2019, expired.

Agco is a global leader in the design, manufacture, and distribution of agricultural machinery and precision ag technology. The company's net sales for 2024 totaled approximately $11.7 billion.

This transaction represents a significant financial move for Agco, with the sale of its ownership interest in TAFE generating substantial after-tax proceeds. As a result of these announcements, the company's shares have moved -0.77% on the market, and are now trading at a price of $107.07. If you want to know more, read the company's complete 8-K report here.

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