Hints and tips:
...The decision was upheld by the Italian administrative court after Syngenta appealed. Germany and the UK have also recently moved to block Chinese investments on national security grounds....
...China’s need to improve domestic crop yields encouraged ChemChina to buy Switzerland-listed Syngenta for $43bn in 2017. Sinochem Holdings Corp absorbed ChemChina last year....
...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....
...In the three years following the Syngenta buyout, global sentiment towards Chinese overseas acquisitions has also soured....
...That was before he joined Syngenta — shortly after China National Chemical Corp or ChemChina, a state-owned enterprise, announced in February 2016 that it planned to buy the company for more than $43bn in...
...The planned combination of the companies meant that Ren Jianxin, the longtime boss of ChemChina, who led the daring $44bn acquisition of Swiss agrochem giant Syngenta in 2016, would be forcibly retired....
...“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....
...A year later he told Swiss reporters that “Syngenta will remain Syngenta”....
...Sinochem is expected to combine in the coming year with rival ChemChina, which completed China’s largest outbound deal a year ago with the $44bn takeover of Swiss agribusiness Syngenta....
...ChemChina bought Swiss agrochemicals group Syngenta in 2016 for $44bn....
...ChemChina’s acquisition of Syngenta, completed last year, precipitated negotiations to combine the two Chinese conglomerates....
...The execution of ChemChina’s Syngenta deal ruffled feathers. It came after roughly Rmb100bn ($15bn) of mostly debt financed acquisition by ChemChina in the 10 years to 2016....
...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....
...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....
...The move follows a similar decision last week from S&P, which warned that Syngenta could lose its investment-grade rating with the agency....
...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...
...Among its previous deals, it has taken stakes in China Tower Corp, which makes telecoms masts, and PetroChina....
...The transaction followed a flurry of dealmaking activity in which the Beijing-based company acquired Italian tyremaker Pirelli, which it has since relisted, and launched a $44bn takeover of Syngenta, one...
...agrochemicals group Syngenta....
...Less than a year later it agreed to purchase Syngenta, the Swiss agribusiness group, for $44bn. So far, so standard....
...ChemChina State-owned ChemChina grabbed global attention in early 2016 when it said it would pay $44bn for Switzerland’s Syngenta, one of the world’s largest pesticide and seed groups....
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