Peace between Tafe-Agco. In a world that seems increasingly pervaded by winds of war, at least in the tractor industry, peace has broken out. To be precise, between the Indian group Tafe and the American group Agco
The two, linked for years by trade agreements and shareholding restrictions, began arguing in early 2024, leading to legal action and the courts.
Now, peace has been reached, with Tafe continuing to sell Massey Ferguson tractors in Asia, buying its shares currently owned by Agco, and remaining a preferred shareholder in Agco with a 16.3 percent stake. The agreement is obviously much more detailed than outlined above, but essentially restores the two parties to their positions prior to the dispute.
Translation with Google
