ChemChina owned Syngenta will establish a major Global and North America Seeds office in the western suburbs of Chicago. Approximately 50 Syngenta Seeds business managers and employees will relocate from other U.S. locations beginning in the first half of 2019. Syngenta’s David Hollinrake says the new location “places us closer to the majority of our customers, as well as to …
Syngenta Announces Goals Following Merger with ChemChina
Syngenta is striving to strengthen its leadership position in crop protection and to become an ambitious number three in the agriculture seeds sector. In a news release this week, the company announced its priorities now that the takeover deal by ChemChina is complete. The company aims to profitably grow market share through organic growth and collaborations and is considering targeted …
ChemChina Plans a Second Merger
ChemChina and Sinochem (Sih’-noh-kem) are planning a merger next year. Several senior bankers in Asia say the merger would create the biggest chemicals group in the world with $100 billion in revenues. The merger would come after ChemChina’s $43 billion mergers with Syngenta. A Financial Times Dot Com article says China has 1.4 billion people to feed, so the country …
ChemChina Secures Shareholder Approval of Syngenta Takeover
State-owned ChemChina has secured its takeover of Syngenta after more than 80 percent of Syngenta shareholders approved the acquisition. The Financial Times reports 80.7 percent of shares had been tendered by the end of the offer period on Thursday evening, above the 67 percent minimum required for the deal to go ahead. The $43 billion deal, announced more than a …
NFU Calls on FTC to Oppose ChemChina Acquisition of Syngenta
Continuing a long tradition of advocating for competitive marketplaces for family farmers and ranchers, National Farmers Union (NFU) urged the Federal Trade Commission (FTC) to oppose the proposed China National Chemical Corp’s (ChemChina) acquisition of Syngenta AG. In public comments to FTC Secretary Donald S. Clark, NFU President Roger Johnson asserted that the deal further consolidates the highly globalized agricultural …
Chinese Authority Approves ChemChina-Syngenta Deal
The ChemChina takeover of Syngenta continues to march through the approval process this month as China has now green-lighted the deal. The acquisition received approval from the Ministry of Commerce of the People’s Republic of China, according to Syngenta. The approval from China follows approval from Mexico earlier this week, and approval with conditions by the European Union and the …
Mexico Approves ChemChina Acquisition of Syngenta
Mexico has signed-off on ChemChina’s acquisition of Swiss-based Syngenta. The Federal Economic Competition Commission of Mexico recently announced approval the $43 billion takeover of Syngenta by the state-owned Company, ChemChina. The two companies call the move a step towards closing the transaction, which is expected to take place in the second quarter of this year. The approval by Mexico follows …
EU Approves ChemChina-Syngenta Deal
The European Union has approved the $43 billion takeover of Syngenta by ChemChina, just a day after receiving U.S. approval. Bloomberg reports the EU approval is conditional on ChemChina’s offer to divest “a significant part” of its Adama unit’s pesticide business, some generic pesticides the unit is developing, a plant growth regulator and some of Syngenta’s pesticides along with related …
Dow / DuPont Deal on Track in E.U.; Chem China / Syngenta Extended
A Dow Jones report says the Dow and DuPont merger deal looks good for regulatory approval from European Union regulators. People familiar with the deal tell Dow Jones that the deal looks to be on track because the companies offered to sell some of their businesses to ease antitrust concerns. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New …
ChemChina Files for U.S. Antitrust Approval of Syngenta Takeover
ChemChina has filed for U.S. antitrust approval with the Federal Trade Commission for its proposed $43 billion takeover of Syngenta. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
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