Both ChemChina and Sinochem will be consolidating their businesses into a new holding company within ChemChina, dubbed Syngenta Group Co. The newly formed company will be based in Shanghai, China. With the consolidation, ADAMA, Syngenta, and Sinochem will align the companies and capitalize on the value creation and synergy opportunities identified. According to a news… Read More
Tag: ChemChina
Now officially under ChemChina’s ownership, Syngenta says it’s aiming to expand its seed business, and is “considering targeted acquisitions with a focus on seeds.” ChemChina CEO and chair Ren Jianxin was elected chair of Syngenta’s board of directors at a general shareholder meeting in Basel, Switzerland on Monday, where he said Syngenta will maintain operational… Read More
Syngenta is now expecting its US$43 billion takeover by ChemChina to be finalized in the second quarter of 2017. “ChemChina and Syngenta have made significant progress towards achieving the necessary regulatory approvals and closing the transaction,” said the company in its 2016 year-end results, published on Wednesday. 13 regulatory authorities have given their thumbs-up to… Read More
Syngenta’s stock price jumped more than 10 percent on Monday morning, after news the company’s acquisition by China National Chemical Corporation — aka ChemChina — cleared a major hurdle in the U.S. Both companies announced the Committee on Foreign Investment in the U.S. has granted its approval for the proposed US$43 billion takeover announced back… Read More
The China National Chemical Corporation, also known as ChemChina, has reached an acquisition agreement with Syngenta to purchase the entire company for US$43 billion. After months of speculation about a possible sale and several attempts by rival Monsanto, the proposed acquisition of the Swiss crop input and seed company was announced early February 3. “We are delighted… Read More