ChemChina intends to inject the 100% shares of Syngenta A.G. and 74.02% shares of ADAMA Ltd. held by ChemChina to Syngenta Group. Previously, ChemChina has successfully acquired 9 leading industrial companies in France, the United Kingdom, Israel, Italy, Germany and other countries. The offer is equivalent to a Swiss franc value of CHF 480 per share1. ChemChina’s acquisition of ag-tech giant Syngenta is part of a broader strategy that could change food supplies and costs worldwide. Syngenta shareholders will in addition receive the proposed ordinary dividend of CHF 11 in May 2016. Placing ChemChina and Sinochem businesses under one holding company could also avoid triggering U.S. government scrutiny of Chinese ownership in Swiss agro-giant Syngenta… Meanwhile, the 100% shares of Syngenta A.G. and 74.02% shares of ADAMA Ltd. held by ChemChina will also be transferred to Syngenta Group. The deal was awaiting approval by the Committee on Foreign Investment in the United States (CFIUS) and European government panels, citing food safety and security concerns. This morning, Syngenta announced that ChemChina has offered to buy it at a value of over $43 billion. Source: ChemChina. Syngenta acquisition In February 2016, ChemChina agreed to a $43 billion bid for Swiss seeds and pesticides group Syngenta, the largest ever foreign purchase by a Chinese firm. The deal comes on the heels of an offer Syngenta turned down last August, when Monsanto offered to buy it for $47 billion. This move aims to further deepen the reform of state-owned enterprises and optimize resource allocation. Syngenta, which has about 730 Triad employees, has been on an acquisition spree lately. Syngenta said the deal, worth over … By Emily Cashen | Monday, August 22nd, 2016 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. When China National Chemical Corp. (ChemChina) acquired Switzerland’s Syngenta AG in 2017 for a blockbuster $43 billion, it paid only $5 billion of its own capital, cobbling together loans from banks and other institutions to make up the rest. Currently, ChemChina is the largest chemical company in China and it’s owned by the state. ChemChina acquires Syngenta in $42bn deal. About Syngenta. The WSJ’s Rick Carew explains. ChemChina and Syngenta reach acquisition agreement (Beijing, February 3) China National Chemical Corporation (“ChemChina”) has announced today that it has agreed to acquire the Swiss agrochemical and seeds company Syngenta by way of a public tender offer. ChemChina, as of now, has acquired around 98% of Syngenta's shares and will push for a delisting of Syngenta from both Switzerland and the United States. The financial news website yicai.com saw Chinese companies' continued investment in biotechnology firms as a way to secure the food supply for China's growing population. ChemChina may aim for less than that as some potential investors have balked at the terms of the round, which imply a company valuation that is too high, the people said. As soon as permitted by law and applicable regulation, it is intended to de-list the shares from the SIX and to de-list the ADSs from the NYSE. 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. In April, the company announced its acquisition of Abbot & … ChemChina was looking to raise as much as $10 billion in Syngenta’s pre-IPO round, Reuters reported in December, citing unidentified sources. The company’s main businesses include materials science, life science, high-end manufacturing and basic chemicals, among others. Jiemian, another financial news portal, pointed out tha… Syngenta Group was formed in June this year following Syngenta’s merger with the agricultural businesses of Chinese chemicals giant Sinochem. In addition, after the completion of the transfer of shares in ADAMA Ltd., Syngenta Group will recommend Erik Fyrwald to the board of directors of ADAMA Ltd. as a candidate of director and chairman of ADAMA Ltd.. Syngenta Group to Acquire Major Agricultural Assets from ChemChina and Sinochem Group, Produced By CMS 网站群内容管理系统 publishdate:2020/04/04 08:40:26. Syngenta today announced that ChemChina has offered to acquire the company at US$ 465 per ordinary share plus a special dividend of CHF 5 to be paid conditional upon and prior to closing. 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. ChemChina announces the definitive interim results for its offer to acquire Syngenta 10 May 2017 China National Chemical Corporation ("ChemChina") today announced the definitive interim results for the tender offers to purchase all publicly held registered shares ("Common Shares") of Syngenta AG ("Syngenta") and all outstanding American Depositary Shares representing Common Shares ("ADSs"). ChemChina and Syngenta today announced that they have received approval from the European Commission for the proposed acquisition of Syngenta by ChemChina. Thus, the national company of chemicals in China, ChemChina will end this year the acquisition of a majority stake in Syngenta, one of the largest leading agricultural companies. This move aims to further deepen the reform of state-owned enterprises and optimize resource allocation. BASEL, SWITZERLAND — China National Chemical Corp., also known as ChemChina, has agreed to acquire Syngenta for $43 billion, a transaction billed as the largest foreign acquisition … The acquisition also follows a consolidation trend in this space started last December by the Dow-DuPont merger. This is also an important measure for Sinochem Group and ChemChina to further strengthen cooperation. Date: 2020-01-05. The board of directors of Syngenta Group will complete the appointment of relevant senior managements. ChemChina to Acquire the Major Agricultural Assets from Sinochem Group. This move aims to further deepen the reform of state-owned enterprises and optimize resource allocation. The reorganized company also incorporated Israeli crop protection outfit Adama which, like Syngenta, had previously been acquired by ChemChina – another Chinese chemicals major which is in the midst of its own $146 billion … It also estimated that the purchase opens up ways for Syngenta to gain access to the Chinese market. China finalises its most expensive foreign takeover yet, after US watchdog approves multibillion-dollar deal with Swiss agribusiness Syngenta . Syngenta employed nearly 28,000 people as of 2016. Mr. Ning Gaoning is the chairman of the board of directors of Syngenta Group. ChemChina has agreed to buy Swiss pesticide and seed giant Syngenta in a $43 billion deal, the most ambitious overseas takeover attempt by a Chinese company to date. Syngenta, having access to the Chinese agrichemical R&D gate, will have lower costs of new molecule discovery and pilots. ChemChina announced it would make an offer to acquire the Swiss company … In the future, ChemChina will implement a strategy to make Syngenta go public again with a view to realize long-term development and create greater value, the company said. Earlier on Wednesday, the Swiss agricultural chemicals giant Syngenta said it was to be acquired by ChemChina. ChemChina has won more than enough support from Syngenta shareholders to clinch its $43 billion takeover of the Swiss group. Syngenta has announced that ChemChina has offered to acquire the company for $43 Billion. ChemChina is the largest chemical corporation in China. ChemChina, as the state-owned company is known, offered about 449 francs a share in cash, which values Syngenta at 41.7 billion francs ($42 … The state-owned firm generated $45 billion of sales in 2015 and ranks 265th on the Fortune 500. Syngenta Group Co., Ltd. (whose current name is China Chemical (Shanghai) Agricultural Technology Corporation Ltd., hereinafter referred to as “Syngenta Group”), a subsidiary of China National Chemical Corporation Ltd. (“ChemChina”), intends to acquire major agricultural assets from Sinochem Group. Meanwhile, Syngenta Group intends to acquire major agricultural assets from Sinochem Group. BASEL, Switzerland — Syngenta announced that ChemChina has offered to acquire the company at US$ 465 per ordinary share plus a special dividend of CHF 5 to be paid conditional upon and prior to closing. This represents a major step towards the closing of the transaction, which is expected to take place in the second quarter of 2017. ChemChina to Acquire the Major Agricultural Assets from Sinochem Group, Produced By CMS 网站群内容管理系统 publishdate:2020/04/04 08:40:26. ChemChina intends to inject the 100% shares of Syngenta A.G. and 74.02% shares of ADAMA Ltd. held by ChemChina to Syngenta Group. 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. Not only are ChemChina’s R&D organizations cooperating with Syngenta, Sinochem’s R&D institutions like Zhejiang Research and Shenyang Research are also starting collaborations with the company for new R&D projects. ChemChina and Sinochem are merging their agricultural assets into a new holding company named Syngenta Group, which will be based in Shanghai, China.. Meanwhile, Syngenta Group 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 … The reorganization includes Swiss agrochemicals producer Syngenta, which ChemChina acquired in 2017, and Israeli crop protection company Adama, wholly owned by ChemChina since 2016. 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