ChemChina wows with $43b purchase of Syngenta

The Chinese state-owned chemicals producer's bid for the Swiss agrochemicals group would be largest-ever offshore acquisition by a Chinese company.
Courtesy of Syngenta
Courtesy of Syngenta

China National Chemical Corporation ChemChina underlined its credentials as China’s most aggressive offshore state-owned acquirer with a $43 billion bid for Syngenta that would, if successful, mark the largest-ever offshore acquisition by a Chinese company.

ChemChina said it had bid $465 per share in cash for all of the equity of the Swiss seed and pesticide maker, as well as offering a special CHF5 dividend to Syngenta’s shareholders, provided they approve the acquisition.

The offer marks an 18.5% premium to the company’s closing CHF392.3 $385.3 share valuation on February 2 and compares well against the CHF288.50 to CHF435.20 range that the...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 1 article per month from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Share our publication on social media
Share our publication on social media