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...More importantly, Syngenta, a Swiss-based producer of seeds and pesticides that operates in more than 90 countries, is one of the most international companies ever to list in China and has longstanding relationships...
...ADM, an international grain dealer, had accused Swiss-based seed company Syngenta of negligence when it introduced two new varieties of genetically modified corn to US farmers....
...The $66bn deal is one of a trio of megamergers reshaping the global agribusiness industry, coming hot on the heels of the $142bn merger of Dow Chemical and DuPont, and ChemChina’s $44bn purchase of Syngenta...
...The approvals come as state-owned ChemChina nears completion of a $44bn deal to purchase major European seed and pesticide company Syngenta, with Beijing trying to gain greater control of the agrichemical...
...But even before the Syngenta deal, China was shaking up the chemicals industry....
...In 1996, there were 600 independent seed companies: most have since been bought out by bigger players, including the six names — Monsanto, Syngenta, Bayer, DuPont, Dow Chemical and BASF — that now control...
...The wave of consolidation in agricultural seeds and chemicals has led Dow Chemical and Dupont to combine in a $130bn deal, ChemChina is set to complete its $44bn acquisition of Syngenta, and Bayer is in...
...Patrick McGee in Frankfurt Agribusiness megadeals under scrutiny The future contours of the industry providing farmers with seeds and crop chemicals will be decided in 2017....
...Standard & Poor’s has put Syngenta on negative credit watch following ChemChina’s $43bn bid for the Swiss seed-maker earlier this week....
...former finance director had successfully convinced US agribusiness giant Monsanto to accept a $66bn offer that will position the combined group as the world’s most powerful supplier of crop chemicals and seeds...
...Dow Chemical and DuPont announced a $130bn merger late last year, ChemChina is planning to acquire Switzerland’s Syngenta for $44bn and PotashCorp, the largest potash supplier, is in merger talks with rival...
...In stark comparison, seeds and pesticides, the other important “agricultural inputs” sector, saw huge M&A upheaval thanks to transactions between Dow Chemical and Dupont as well as ChemChina and Syngenta...
...The executive suspects that if the ChemChina deal is completed, “Syngenta’s seeds will ultimately receive preferential regulatory approval by Chinese authorities, further undermining the fortunes of Dow,...
...One potential hurdle to a deal is the bloated market share a merged company would command in agricultural chemicals and seeds....
...Will the summer stand-off continue between US agricultural chemical and seed group Monsanto and its Swiss takeover target Syngenta?...
...BASF had recently seriously considered making a bid for Syngenta, the Swiss agrochemical company which this year agreed a $43bn takeover bid from ChemChina, the Chinese chemicals group....
...It would allow for rationalisation of central costs and overlapping operations, cutting out duplication, and build up the companies’ joint strengths including agrochemicals, seeds, and materials for solar...
...(Quartz) Monsanto drops bid The seeds group dropped its $46bn offer for rival Syngenta on Wednesday, sending shares of the Swiss group tumbling....
...The US agricultural seeds and chemicals company is pursuing a “tax inversion” acquisition of rival Syngenta, with the merged entity to be domiciled in the UK under a new name....
...In the fertiliser sector, PotashCorp of Saskatchewan has been pursuing K+S of Germany, while Monsanto, the US seeds and pesticide group, is wooing Swiss rival Syngenta after its overtures were rebuffed....
...Syngenta’s seed trait combats cutworms and other pests. Before shipments were stopped, most corn imported from the US probably had Viptera in it, Syngenta officials have said....
...US trading giant Cargill sued Syngenta after it was forced early this year to reroute China-bound cargoes containing the seed, which had not been approved by Chinese authorities....
...Several trading houses, including Cargill and Archer Daniels Midland, are now refusing to accept another genetically modified seed developed by Syngenta called Agrisure Duracade....
...Chuck Lee, who leads Syngenta’s corn work in North America, estimates only about 3,500 US farmers will plant Duracade seed this spring....
...The rejected shipments have stoked tension among trading houses, the government of China and seed maker Syngenta....
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