0 Syngenta ChemChina deal approved

SyngentaSwiss agribusiness group Syngenta is set to be taken over in the biggest ever foreign takeover by a Chinese company.

The US national security regulator committee on foreign investment (CFIUS) has approved a $43m takeover of Syngenta by the China National Chemical Corporation.

CNCC offered $465 per share for Syngenta in February.

The company has 28,000 workers in 90 countries. The deal is the second biggest in the chemical industry after Dow Chemicals and Dupont agreed to a $130bn merger in December 2015.

Bayer is bidding for Monsanto in another potential major chemco merger.

The Syngenta deal could be completed by the end of the year.

Editorial Enquiries Editorial Enquiries

Contact Kerry Haywood

01952 897416

Customers Advertising

Contact Peter Britton

01952 898516

Subscribe Subscribe to the Pitchcare Magazine

You can have each and every copy of the Pitchcare magazine delivered direct to your door for just Ā£30 a year.