ChemChina’s historic takeover of Syngenta becomes reality
Syngenta shareholders accepted a US$43 billion offer in what is China’s largest-ever foreign acquisition
China National Chemical Corp (ChemChina) cleared one more hurdle in its acquisition of Swiss agro-giant Syngenta on Friday, when shareholders accepted the Chinese firm’s US$43 billion offer, reports Reuters.
The deal, China’s largest-ever foreign takeover, will give China access to Syngenta’s chemicals and patent-protected seeds, which will help improve China’s domestic agricultural output.
Syngenta shares and depository receipts will be delisted from Swiss and New York stock exchanges.