chemchina acquires syngenta

This is also an important measure for Sinochem Group and ChemChina to further strengthen cooperation. Subsequently, the board of directors of Syngenta Group will engage and appoint Mr. Erik Fyrwald as Syngenta Group’s CEO, and Mr. Chen Lichtenstein will be nominated as Syngenta Group’s CFO. The WSJ’s Rick Carew explains. ChemChina’s acquisition of ag-tech giant Syngenta is part of a broader strategy that could change food supplies and costs worldwide. The company’s main businesses include materials science, life science, high-end manufacturing and basic chemicals, among others. Date: 2020-01-05. ChemChina to Acquire the Major Agricultural Assets from Sinochem Group. ChemChina intends to inject the 100% shares of Syngenta A.G. and 74.02% shares of ADAMA Ltd. held by ChemChina to Syngenta Group. In April, the company announced its acquisition of Abbot & … By Emily Cashen | Monday, August 22nd, 2016 Syngenta Group Co., Ltd. (whose current name is China Chemical (Shanghai) Agricultural Technology Corporation Ltd., hereinafter referred to as “Syngenta Group”), a subsidiary of China National Chemical Corporation Ltd. (“ChemChina”), intends to acquire major agricultural assets from Sinochem Group. ChemChina acquired Syngenta for $43 billion in 2017, clinching China’s biggest foreign takeover to date amid the country’s desire to use Syngenta’s top-tier … ChemChina and Sinochem are merging their agricultural assets into a new holding company named Syngenta Group, which will be based in Shanghai, China.. On the day the deal was announced, the Chinese media saw it as an indication that its government is looking beyond emerging markets to invest in developed economies. In an effort to secure food for its large and growing population apart from getting access to cutting edge technology and global markets, China-based ChemChina (China National Chemical Corporation), which has business interest in material science, life science and basic chemicals, has acquired Swiss-based crop protection and seeds company Syngenta for $43 billion. ChemChina and Syngenta today announced that they have received approval from the European Commission for the proposed acquisition of Syngenta by ChemChina. ChemChina [CNCC.UL] has won more than enough support from Syngenta shareholders to clinch its $43 billion takeover of the Swiss pesticides and seeds group, the two companies said on Friday. BASEL, Switzerland — Syngenta announced that ChemChina has offered to acquire the company at US$ 465 per ordinary share plus a special dividend of CHF 5 to be paid conditional upon and prior to closing. Source: ChemChina. Syngenta has announced that ChemChina has offered to acquire the company for $43 Billion. Syngenta Group was formed in June this year following Syngenta’s merger with the agricultural businesses of Chinese chemicals giant Sinochem. In addition, after the completion of the transfer of shares in ADAMA Ltd., Syngenta Group will recommend Erik Fyrwald to the board of directors of ADAMA Ltd. as a candidate of director and chairman of ADAMA Ltd.. Syngenta Group to Acquire Major Agricultural Assets from ChemChina and Sinochem Group, Produced By CMS 网站群内容管理系统 publishdate:2020/04/04 08:40:26. China finalises its most expensive foreign takeover yet, after US watchdog approves multibillion-dollar deal with Swiss agribusiness Syngenta . “This offer, which is recommended unanimously by our Board of Directors, fully values the quality of Syngenta’s business portfolio, our people and our market positions around the world,” said Syngenta’s COO Davor Pisk. 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