Hints and tips:
...ChemChina had wanted to list Syngenta earlier but was delayed by the pandemic....
...But if you can stomach that, Syngenta could be a good hedge against trends intensifying food insecurity across the world....
...However, the Syngenta IPO prospectus is available only in Mandarin, and no western banks have been publicly appointed even to junior roles. Syngenta and the banks declined to comment....
...But investing more heavily in research will help Syngenta defend its market share....
...Allocations for international investors in Syngenta will be limited. But a Stock Connect link and secondary listing may follow. The new Syngenta has been fattened up under ChemChina....
...As part of that planned transformation, Syngenta is morphing from an agricultural chemical group into an ag tech powerhouse....
...“Mr Qin’s role is an oversight role and [he] has been retained by Syngenta in this regard and will take guidance from Syngenta CEO Erik Fyrwald,” a Syngenta spokesman said on Thursday....
...Monsanto had sought to buy rival Syngenta the previous year, but the Swiss company successfully argued that Monsanto was undervaluing its business....
...It took place as other chemicals and crop science companies were merging, including Dow Chemical and DuPont, and Syngenta and ChemChina....
...And Syngenta, under Chinese ownership, is looking to boost ag tech to combat climate change. The Big Story It risks escalating into the perfect storm....
...Syngenta called the court decision “disappointing and unfortunate” and said “scientific and regulatory excellence in Europe has increasingly become politicised.”...
...Syngenta was also sued by farmers and Cargill, an ADM competitor. The farmers reached a $1.5bn settlement with Syngenta last September. The Cargill case is set for trial this September, Syngenta said....
...Farming: agritech start-ups vie to disrupt industry giants Big Ag’s consolidation was always going to have consequences....
...Nearly one quarter of 2017’s ag tech investments were made by corporations or their venture capital arms, including those of giants Monsanto and Syngenta, up 7 percentage points from 2016 — raising a question...
...Nufarm will pay $540m for the rights to a suite of European crop protection products from ChemChina subsidiary Adama and Swiss seed company Syngenta, clearing an obstacle to the Chinese chemicals group’s...
...Syngenta carried strong single A credit ratings before ChemChina’s acquisition, but S&P now pegs the company at BBB-, the lowest rung of investment grade....
...S&P currently rates Syngenta at BBB-, the lowest rung of investment grade, while Moody’s rating is even lower, in junk territory....
...State-owned ChemChina’s cash offer for Syngenta in February last year was the largest outward-bound deal by a Chinese company....
...A bond investor said that during calls for the failed offering Syngenta’s management referred to these assurances ChemChina provided to S&P....
...The other two deals, the merger of Dow and DuPont and the purchase of Syngenta by ChemChina, were approved by Ms Vestager last year after in-depth reviews but only after both companies promised to sell substantial...
...Ms Vestager approved DuPont’s merger with Dow Chemical and ChemChina’s purchase of Syngenta last year after extensive reviews that saw both companies spin off parts of their business to allay competition...
...The move follows a similar decision last week from S&P, which warned that Syngenta could lose its investment-grade rating with the agency....
...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...
...biggest chemicals companies has played down expectations the country will become more open to genetically modified crops in the aftermath of ChemChina’s purchase of Swiss seeds and agrochemicals group Syngenta...
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