13 Jan, 2020 By Karen Davidson 0 Comments ChemChina and Sinochem are consolidating their agricultural businesses into a new holding company within ChemChina, domiciled in Shanghai, which will be called the Syngenta Group Co. Before joining ChemChina, Ning was chairman of state-owned conglomerates China Resources and China Oil and Foodstuffs Corp. and was known for leading ⦠The distinctive customer-facing branding of Syngenta Crop Protection, Syngenta Seeds and ADAMA remains unchanged. Sound Agriculture and Syngenta partner to reduce nitrogen use in China Brownfield Ag News 21:52 1-Dec-20 New tech coming in seed traits Successful Farming 19:41 30-Nov-20 Syngenta launches tomato brown rugose fruit virus-resistant variety Horticulture Week 17:07 30-Nov-20 Syngenta Group announces that Syngenta AG completed a successful EUR 200 million tap of its existing EUR 600 million Eurobond and a new CHF 265 million bond issue . Click to get a sign-in link sent to your email. Switzerlandâs Syngenta has relaunched and rebranded following its merger with the agricultural businesses of Chinese chemicals giant Sinochem, in preparation for an expected IPO in China.. Explore more for Chemchina breaking news, ... ChemChina agrees to buy Syngenta in record $43 bn deal. Morocco and Israel plan to normalize ties. On the day the deal was announced, the Chinese media saw it as an indication that its government is looking beyond emerging markets to invest in developed economies. ChemChina - China National Chemical Corporation published this content on 16 November 2020 and is solely responsible for the information contained therein. 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At the end of the Main Offer Period on May 4, based on preliminary numbers, around 80.7 percent of shares have been ⦠Get the latest Chemchina news, videos and headlines. ChemChina buys Syngenta Feb 11, 2016 News. Syngenta Group was formed in June with registered capital of 10 billion yuan. Syngenta Group unites the strengths of its four Business Units - Syngenta Crop Protection, Syngenta Seeds, ADAMA, and Syngenta Group China - under one umbrella. Syngenta Group launched the new brand identity globally on October 30, which will be used for communication on behalf of the Group as well as Group-wide internal communications. ZURICH, Jan 5 (Reuters) - ChemChina and Sinochem 600500.SS are consolidating their agricultural assets into a new holding company to be called Syngenta Group, ChemChina unit Syngenta said on Sunday. cookies to improve your experience and customise advertising. One factor that makes the Syngenta-ChemChina deal different from others is that ChemChina is a state-owned entity ultimately owned by the Chinese government. Syngenta Group launched the new brand identity globally on October 30, which will be used for communication on behalf of the Group as well as Group-wide internal communications. © Copyright 1997 - 2020 NewsNow Publishing Limited. ... Weâll send you latest news updates through the day. 4 min read. 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Basel / Switzerland. All rights reserved. ChemChina is proposing to pay US$465 a share plus a 5 Swiss franc (S$7) special dividend for Syngenta. ChemChina acquired Syngenta for $43 billion in 2017, clinching Chinaâs biggest foreign takeover to date amid the countryâs desire to use Syngentaâs top-tier chemicals and seeds technologies to improve domestic agricultural output. ChemChina and Sinochem Chairman Ning Gaoning is also chairman of the new entity. Trump changed US policy to make it happen. The financial news website yicai.com saw Chinese companies' continued investment in biotechnology firms as a way to secure the food supply for China's growing population. ChemChina wants to list Syngenta on Chinaâs technology-focused STAR market in mid-2020, according to fundraising documents dated from October. Offer for Syngenta shares, announced in February, ... Get Breaking News Alerts From Gulf News Weâll send you latest news updates through the day. The new entity, named Syngenta Group, also incorporates Israeli crop protection company Adama.Chinese state-owned enterprise (SOE) ChemChina owns both Adama and Syngenta⦠Fresh new colors signal the innovation power, pioneering spirit, and digital capability of the Group. ChemChina, the offeror and Syngenta AG have no control over such deadlines that are set by custodian banks for their clients. 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Latest news "Companies" 04:53p: Chen Lichtenstein, current president and CEO of Shenzhen-listed crop protection company ADAMA <000553.SZ>, which will also be incorporated into the new group, will be nominated CFO of the newly formed Syngenta ⦠It also estimated that the purchase opens up ways for Syngenta to gain ⦠The formation of Syngenta Group on June 18, 2020 marked the creation of a new leader in agricultural technology and innovation. Your reading list. The reorganization includes Swiss agrochemicals producer Syngenta, which ChemChina acquired in 2017, and Israeli crop protection company Adama, wholly ⦠Please try different keywords. Syngenta Group's new logo and visual identity represents the vibrancy, wonder and abundance of the four elements that enable agriculture: water, earth, plants, and sunlight. ChemChina has been active on the acquisition front in the agricultural chemical space, having bought the Israeli generic agricultural chemical company, ⦠Syngenta Group announces that Syngenta AG completed a successful EUR 200 million tap of its existing EUR 600 million Eurobond, ⦠Bank of China invests $10b via perpetual bond. Syngenta shareholders accept ChemChina offer 05 May 2017 China National Chemical Corporation (ChemChina) today announced the provisional interim results for ChemChinaâs offer to acquire Syngenta. Shareholders and holders of ADSs are advised to consult with their custodian bank in case of any doubt or if they have not received specific instructions in this regard.
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