Volume 94 Issue 6
Issue Date: February 8, 2016 | Web Date: February 3, 2016

ChemChina Swoops In To Buy Syngenta For $43 Billion

Large Chinese chemical producer promises to expand, not cut costs, at world’s largest agricultural chemicals firm
Department: Business
Keywords: agrochemical, pesticides, acquisition, seeds

Syngenta, the world’s largest producer of agricultural chemicals, has accepted an offer to be acquired by ChemChina, one of China’s largest chemical companies, for $43.3 billion. After the planned merger of Dow Chemical and DuPont, the deal continues consolidation in the agrichemicals sector.

Syngenta’s board has unanimously accepted the offer, something it did not do when Monsanto tried to acquire Syngenta last year. The firms expect to conclude the deal by year-end. Syngenta will continue . . .

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