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Montecitorio, house of italian parliament, Rome. Italy. Photo: masterlu/iStock/Getty Images Plus
Reuters

Italy vetoes sale of seed producer to Chinese-owned Syngenta

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Rome | Reuters – Italy has prevented Chinese-owned group Syngenta from buying vegetable seed producer Verisem, government officials said, underscoring Prime Minister Mario Draghi’s commitment to shield key assets from unwanted foreign bids. The decision, made at a cabinet meeting on Oct. 19 but not yet made public, marks the first time Italy has vetoed […] Read more
Syngenta’s headquarters in Basel, Switzerland. (Photo courtesy Syngenta)
Crops, Reuters

Syngenta says IPO ‘on track’

Ag chem firm books higher first-half profit

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Zurich | Reuters — Agricultural chemical maker Syngenta posted higher first-half profit and sales on Thursday, helped by maintaining supplies to farmers and controlling costs during the coronavirus outbreak, and said it was on track to complete its public listing by mid-2022. The Swiss company, bought by state-owned ChemChina for $43 billion in 2017, posted […] Read more
Syngenta’s Interaction Centre at Stein, Switzerland. (Syngenta.com)
Crops, Reuters

Syngenta owner ChemChina to merge ag assets with Sinochem’s

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Zurich | Reuters — ChemChina and Sinochem are consolidating their agricultural assets into a new holding company to be called Syngenta Group, ChemChina unit Syngenta said on Sunday. Chen Lichtenstein, current CEO of Shenzhen-listed crop protection company Adama, which will also be incorporated into the new group, will be nominated chief financial officer of the […] Read more
(Photo courtesy BASF SE)
Crops, Reuters

BASF ready to snatch seed bargains as rivals sell assets

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Ludwigshafen, Germany | Reuters — BASF will consider buying seed assets that rivals are putting on the block to win antitrust approval for tie-ups, saying bargain prices could persuade BASF to overcome its traditional reluctance to expand into the seeds industry. Sources familiar with BASF’s thinking have said that competition regulators looking at potential buyers […] Read more
Syngenta’s Interaction Centre at Stein, Switzerland. (Syngenta.com)
Crops, Reuters

ChemChina clinches takeover of Syngenta

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Zurich | Reuters –– ChemChina has won more than enough support from Syngenta shareholders to clinch its US$43 billion takeover of the Swiss pesticides and seeds group, the two companies said Friday. The deal, announced in February 2016, was prompted by China’s desire to use Syngenta’s portfolio of top-tier chemicals and patent-protected seeds to improve […] Read more
Syngenta’s Interaction Centre at Stein, Switzerland. (Syngenta.com)
Crops, Reuters

China clears ChemChina’s Syngenta deal

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Zurich | Reuters — ChemChina’s US$43 billion planned takeover of Swiss pesticides and seeds group Syngenta has received approval from China’s Ministry of Commerce (MOFCOM), the two companies said Wednesday. “This represents a further step towards the closing of the transaction, which is expected to take place in the second quarter of 2017,” they said […] Read more
(Adama.com/YouTube)
Crops, Reuters

ChemChina, Syngenta win U.S. antitrust approval for deal

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Washington | Reuters — The China National Chemical Corp., or ChemChina, has won U.S. antitrust approval to buy Switzerland’s Syngenta on condition that it divest three pesticides, the Federal Trade Commission said on Tuesday. To win approval for the $43 billion deal, the companies agreed to divest ChemChina’s generic production of the herbicide paraquat, the […] Read more

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