Australia's Nufarm sells South American assets for $800 million to repay debt
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(Reuters) - Australia's Nufarm will sell its South American crop protection and seed treatment assets to its biggest shareholder, Japan's Sumitomo Chemical , for A$1.19 billion (654.84 million pounds) to help pay down debt amid a severe domestic drought.Nufarm shares rose as much as 56% on Monday morning, their best-ever intraday percentage gain, to a more than one-year high of A$6.94. They were later up 28%. Australian farming companies are struggling to boost cashflows as profits are hurt by..