Archive · 1 Jul 2025
TAFE and AGCO Settle Massey Ferguson Brand, Shareholding Matters
TAFE, a big tractor maker, and AGCO, a company based in the US, have ended their business agreement.
TAFE will now be the only owner of the Massey Ferguson brand in India and nearby countries.
TAFE is buying back shares from AGCO for $260 million.
TAFE will still own part of AGCO.
All the ongoing legal cases will stop, and they will fulfill the existing deals.
TAFE will keep supporting AGCO by voting in favor of their recommendations.
TAFE and AGCO reached a settlement on brand, commercial, and shareholding matters.
TAFE will buy back 20.7% of AGCO's shares for $260 million.
TAFE will solely own the Massey Ferguson brand in India, Nepal, and Bhutan.
TAFE will retain a 16.3% shareholding in AGCO.
All legal proceedings between the companies will be withdrawn.
- Who
- TAFE and AGCO.
- What
- TAFE and AGCO reached a settlement on brand ownership, commercial issues, and shareholding.
- When
- Not specified in the provided text.
- Where
- India, Nepal, and Bhutan.
- Why
- To resolve all matters related to the Massey Ferguson brand and commercial issues.
TAFE's Actions
AGCO's Actions
Future Cooperation
TAFE's Actions
TAFE is the sole and exclusive owner of the Massey Ferguson brand in India, Nepal and Bhutan.
AGCO's Actions
TAFE to support AGCO by voting shares in favor of the recommendations of AGCO’s Board of Directors.
- Companies Involved
- TAFE and AGCO
- Brand Ownership
- TAFE (India, Nepal, Bhutan)
- Share Buyback
- 20.7% of TAFE's equity
- Buyback Value
- $260 million
- TAFE's AGCO Shareholding
- 16.3%
- Legal Proceedings
- Withdrawn
Sources
TAFE, AGCO settle feud over Massey Ferguson brand outside court
TAFE and AGCO Corporation reach settlement on legal dispute and shareholding matters
TAFE settles feud with American company AGCO over Massey Ferguson brand
TAFE and AGCO Reach Comprehensive Settlement Covering Brand Rights, Commercials and Shareholding