ChemChina rolls over $43b Syngenta offer. It also estimated that the purchase opens up ways for Syngenta to gain … The four leaves of the Syngenta Group logo are a strong link to the four seasons that shape agriculture in most parts of the world. 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 chemicals and seeds technologies to improve domestic agricultural output. To see how, and to learn how to control cookies, ChemChina wants to list Syngenta on China’s technology-focused STAR market in mid-2020, according to fundraising documents dated from October. China National Chemical Corporation offered $465 per share for Syngenta in February. © Copyright 1997 - 2020 NewsNow Publishing Limited. ChemChina buys Syngenta Feb 11, 2016 News. Syngenta Group announces that Syngenta AG completed a successful EUR 200 million tap of its existing EUR 600 million Eurobond and a new CHF 265 million bond issue . One factor that makes the Syngenta-ChemChina deal different from others is that ChemChina is a state-owned entity ultimately owned by the Chinese government. cookies to improve your experience and customise advertising. Chen Lichtenstein, current president and CEO of Shenzhen-listed crop protection company ADAMA <000553.SZ>, which will also be incorporated into the new group, will be nominated CFO of the newly formed Syngenta … Trump changed US policy to make it happen. 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Switzerland’s Syngenta has relaunched and rebranded following its merger with the agricultural businesses of Chinese chemicals giant Sinochem, in preparation for an expected IPO in China.. The formation of Syngenta Group on June 18, 2020 marked the creation of a new leader in agricultural technology and innovation. 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A year on from Syngenta's $43 billion purchase by ChemChina, the seed and chemical giant is leveraging its new status as a Chinese company to grow its tiny share of the highly fragmented China market. All rights reserved. Syngenta Group's new logo and visual identity represents the vibrancy, wonder and abundance of the four elements that enable agriculture: water, earth, plants, and sunlight. Syngenta Group unites the strengths of its four Business Units - Syngenta Crop Protection, Syngenta Seeds, ADAMA, and Syngenta Group China - under one umbrella. Shipping unhealthy animals could turn public against beef ... Latest news "Companies" 04:53p: 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. 13 Jan, 2020 By Karen Davidson 0 Comments ChemChina and Sinochem are consolidating their agricultural businesses into a new holding company within ChemChina, domiciled in Shanghai, which will be called the Syngenta Group Co. Syngenta Group unites the strengths of its four Business Units - Syngenta Crop Protection, Syngenta Seeds, ADAMA, and Syngenta Group China - under one umbrella. Syngenta Group announces that Syngenta AG completed a successful EUR 200 million tap of its existing EUR 600 million Eurobond, … ChemChina has offered 480 Swiss francs a share in Syngenta. ... We’ll send you latest news updates through the day. 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. The reorganization includes Swiss agrochemicals producer Syngenta, which ChemChina acquired in 2017, and Israeli crop protection company Adama, wholly … Offer for Syngenta shares, announced in February, ... Get Breaking News Alerts From Gulf News We’ll send you latest news updates through the day. Syngenta shareholders accept ChemChina offer 05 May 2017 China National Chemical Corporation (ChemChina) today announced the provisional interim results for ChemChina’s offer to acquire Syngenta. Sound Agriculture and Syngenta partner to reduce nitrogen use in China Brownfield Ag News 21:52 1-Dec-20 New tech coming in seed traits Successful Farming 19:41 30-Nov-20 Syngenta launches tomato brown rugose fruit virus-resistant variety Horticulture Week 17:07 30-Nov-20 The distinctive customer-facing branding of Syngenta Crop Protection, Syngenta Seeds and ADAMA remains unchanged. Morocco and Israel plan to normalize ties. ChemChina raises $20b for Syngenta deal via perp bonds, preferred shares. Fresh new colors signal the innovation power, pioneering spirit, and digital capability of the Group. Explore more for Chemchina breaking news, ... ChemChina agrees to buy Syngenta in record $43 bn deal. The distinctive customer-facing branding of Syngenta Crop Protection, Syngenta Seeds and ADAMA remains unchanged. ChemChina is proposing to pay US$465 a share plus a 5 Swiss franc (S$7) special dividend for Syngenta. ZURICH, Jan 5 (Reuters) - ChemChina and Sinochem 600500.SS are consolidating their agricultural assets into a new holding company to be called Syngenta Group, ChemChina unit Syngenta said on Sunday. 4 min read. Before joining ChemChina, Ning was chairman of state-owned conglomerates China Resources and China Oil and Foodstuffs Corp. and was known for leading … ChemChina has been active on the acquisition front in the agricultural chemical space, having bought the Israeli generic agricultural chemical company, … By clicking "OK" or continuing to use this site, you agree that we may collect and use your personal data and set ChemChina - China National Chemical Corporation published this content on 16 November 2020 and is solely responsible for the information contained therein. The formation of Syngenta Group on June 18, 2020 marked the creation of a new leader in agricultural technology and innovation. Sorry, no headlines or news topics were found. Basel / Switzerland. Shareholders and holders of ADSs are advised to consult with their custodian bank in case of any doubt or if they have not received specific instructions in this regard. Please try different keywords. ChemChina and Sinochem <600500.SS> are consolidating their agricultural assets into a new holding company to be called Syngenta Group, ChemChina unit Syngenta said on Sunday. 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Shares rose 6% to 415.90 Swiss francs in Zurich on Wednesday. Your reading list. ChemChina, the offeror and Syngenta AG have no control over such deadlines that are set by custodian banks for their clients. Syngenta Group launched the new brand identity globally on October 30, which will be used for communication on behalf of the Group as well as Group-wide internal communications. Bank of China invests $10b via perpetual bond. Syngenta Group was formed in June with registered capital of 10 billion yuan. The new entity, named Syngenta Group, also incorporates Israeli crop protection company Adama.Chinese state-owned enterprise (SOE) ChemChina owns both Adama and Syngenta… ChemChina completed its purchase of Syngenta in 2017, a deal that ranks as the biggest-ever overseas acquisition by a Chinese company. Get the latest Chemchina news, videos and headlines. ChemChina and Sinochem Chairman Ning Gaoning is also chairman of the new entity. 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