Syngenta and DJI Technology to Launch Agricultural Drone Trial Programs in China

The world’s largest consumer drone-maker, DJI Technology Co. Ltd., has teamed up with Swiss agribusiness giant Syngenta AG to secure a foothold in China’s booming agricultural drone market. The deal aims to improve the technology of DJI’s drones by taking advantage of Syngenta’s expertise in spraying pesticides on crops, the companies announced Wednesday…Full Article: Caixin

COFCO to Sell Nidera Seed Business to ChemChina’s Syngenta

COFCO Corp, China’s biggest foodstuff conglomerate by revenue, announced its overseas investment and management platform COFCO International has agreed to sell seed business of grain trader Nidera BV to agribusiness giant Syngenta AG on Monday [6 November 2017]. COFCO International had completed a full takeover of the Netherlands-based grain trader in February this year…Full Article:

The EU Finally Approves ChemChina’s Acquisition of Syngenta

China National Chemical Corp won the European Union’s antitrust approval for its $43 billion takeover of Swiss pesticide maker Syngenta AG, a day after the US gave its blessing, bringing China’s largest foreign acquisition closer to the finish line…Full Article: China Daily Apr 2017 Key Point By June 2017, ChemChina expects to officially close its

ChemChina Rumored to Secure EU Approval for Acquisition of Syngenta

State-owned China National Chemical Corp (ChemChina) is scheduled to secure conditional EU antitrust approval for its bid for Switzerland-based seeds and pesticides company Syngenta, media reports said Friday [3 February 2017], citing sources. Experts noted that the deal would help supplement ChemChina’s business while also help Syngenta seek growth in the global market…Full Article: ECNS.cn

ChemChina and Syngenta Propose Divestment Concessions to the EU

China National Chemical Corporation known as ChemChina and Swiss pesticides and seeds group Syngenta AG have proposed minor concessions to the European Union’s competition watchdog to address concerns over their $43 billion merger plan, sources told Reuters. One person close to the deal said it was unlikely ChemChina would have to sell its Adama Agricultural

ChemChina to Establish US$5 Billion Fund to Finance Acquisition of Syngenta

China National Chemical Corp (ChemChina) is setting up a fund that will aim to raise $5 billion to help finance its purchase of Swiss seeds group Syngenta, two sources with direct knowledge of the matter told Thomson Reuters publication Basis Point. The financing structure entails investors committing to the fund, which would in turn own

ChemChina and SinoChem Deny Merger Talks

China’s two chemical giants, ChemChina and Sinochem, are denying an earlier Bloomberg report about their merger deal. A spokesperson under the ChemChina said “nothing of the sort” when contacted by thepaper.cn.for comment…Full Article: CRIENGLISH Oct 2016 Key Point The merger between ChemChina and SinoChem may also include another Chinese organization/company that would invest US$15 billion

Former Leader of China’s Ministry of Chemical Industry Headlines Letter of Protest Against ChemChina’s Acquisition of Syngenta

Around 1,300 Chinese citizens have signed a letter to protest China National Chemical Corp (ChemChina)’s acquisition of Swiss-based Syngenta, citing genetically modified (GM) food worries, one of the protestors who helped draft the letter told the Global Times on Monday [19 September 2016]. Qin Zhongda, the former minister of the Ministry of Chemical Industry, was

ChemChina Extends Deadline for Syngenta Investors to Tender their Shares

ChemChina on Tuesday [6 September 2016] extended by almost two months the deadline for Syngenta investors to tender their shares as the Chinese company seeks to complete a $43 billion takeover of the Swiss pesticides and seeds group…Full Article: The Global Times Sept 2016 Key Point The deadline for tendering their shares has been pushed