GFM Network News


Syngenta owner ChemChina to merge ag assets with Sinochem’s

Zurich | Reuters — ChemChina and Sinochem are consolidating their agricultural assets into a new holding company to be called Syngenta Group, ChemChina unit Syngenta said on Sunday. Chen Lichtenstein, current CEO of Shenzhen-listed crop protection company Adama, which will also be incorporated into the new group, will be nominated chief financial officer of the […] Read more

Chinese envoy says Syngenta takeover was a bad deal

Zurich | Reuters — Beijing’s ambassador to Switzerland said ChemChina’s US$43 billion takeover of seed and agrochemicals firm Syngenta was a mistake, adding he would have tried to stop the 2017 deal had he been in Bern at the time, a newspaper reported in an interview on Saturday. “If I had been the ambassador a […] Read more


BASF ready to snatch seed bargains as rivals sell assets

Ludwigshafen, Germany | Reuters — BASF will consider buying seed assets that rivals are putting on the block to win antitrust approval for tie-ups, saying bargain prices could persuade BASF to overcome its traditional reluctance to expand into the seeds industry. Sources familiar with BASF’s thinking have said that competition regulators looking at potential buyers […] Read more

Syngenta eyes Bayer assets to bolster seed operations

Basel | Reuters — Switzerland’s Syngenta, the crop protection company acquired by ChemChina, has vowed to bulk up its seeds business and join the chase for assets rival Bayer must sell to gain regulatory approval for its takeover of Monsanto. Syngenta, a distant third in the global seeds market behind Monsanto and Dupont, is determined […] Read more


ChemChina clinches takeover of Syngenta

Zurich | Reuters –– ChemChina has won more than enough support from Syngenta shareholders to clinch its US$43 billion takeover of the Swiss pesticides and seeds group, the two companies said Friday. The deal, announced in February 2016, was prompted by China’s desire to use Syngenta’s portfolio of top-tier chemicals and patent-protected seeds to improve […] Read more

China clears ChemChina’s Syngenta deal

Zurich | Reuters — ChemChina’s US$43 billion planned takeover of Swiss pesticides and seeds group Syngenta has received approval from China’s Ministry of Commerce (MOFCOM), the two companies said Wednesday. “This represents a further step towards the closing of the transaction, which is expected to take place in the second quarter of 2017,” they said […] Read more


EU clears ChemChina’s Syngenta takeover, with conditions

Brussels | Reuters –– ChemChina won conditional EU antitrust approval on Wednesday for its US$43 billion bid for Swiss pesticides and seeds group Syngenta, a deal that could help China boost its domestic agricultural output. The deal is one of several reshaping the agricultural chemicals and seeds market, even as these deals trigger fears among […] Read more

ChemChina, Syngenta win U.S. antitrust approval for deal

Washington | Reuters — The China National Chemical Corp., or ChemChina, has won U.S. antitrust approval to buy Switzerland’s Syngenta on condition that it divest three pesticides, the Federal Trade Commission said on Tuesday. To win approval for the $43 billion deal, the companies agreed to divest ChemChina’s generic production of the herbicide paraquat, the […] Read more



ChemChina says Syngenta deal filing accepted by Beijing

Beijing | Reuters –– ChemChina said Monday that Beijing had accepted its application for regulatory approval of its US$43 billion takeover of Syngenta last month. Earlier Gao Hucheng, who retired as commerce minister less than two weeks ago, said the government had not received a formal filing for China’s largest overseas acquisition. Speaking to Reuters […] Read more