Reading Time: 2 minutes Hong Kong/Zurich | Reuters — Syngenta Group will use the proceeds from its US$10 billion initial public offering (IPO) to fund internal growth and an acquisition spree to snare more of the $100 billion market for seeds and sprays, the agrichemical giant said on Friday. The company’s prospectus to list on Shanghai’s Nasdaq-style STAR Market […] Read more
Syngenta’s Shanghai IPO to fund growth, acquisitions
Syngenta buys biologics group Valagro
Reading Time: < 1 minute Zurich | Reuters — Syngenta, the Swiss agrichemicals giant owned by ChemChina, has acquired Italian biologicals group Valagro, a company with US$175 million in 2019 sales that uses natural solutions to fight pests and diseases and to improve crops. Syngenta said in a statement Tuesday the acquisition positioned its crop protection business as a key […] Read more
Syngenta says IPO ‘on track’
Ag chem firm books higher first-half profit
Reading Time: 2 minutes Zurich | Reuters — Agricultural chemical maker Syngenta posted higher first-half profit and sales on Thursday, helped by maintaining supplies to farmers and controlling costs during the coronavirus outbreak, and said it was on track to complete its public listing by mid-2022. The Swiss company, bought by state-owned ChemChina for $43 billion in 2017, posted […] Read more
Industry leaders weigh in on seed royalty review
'Other markets... have already moved past this'
Reading Time: 2 minutes Syngenta’s Trevor Heck isn’t choosing a route for collecting seed royalty rates — but says the federal government needs to “move forward on some type of value capture” model. “Right now, you know, if we don’t have that within the seed industry, it’s going to be very difficult to be able to get the level […] Read more
Syngenta owner ChemChina to merge ag assets with Sinochem’s
Reading Time: < 1 minute 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
Syngenta to halt Canadian cereal development operations
Reading Time: 2 minutes Seed and ag chem giant Syngenta plans to wrap up a decade of cereal seed research and development work in Canada by the end of the year. The company announced Wednesday it will discontinue its Canadian cereal seed research and development program effective at the end of calendar 2019, affecting five Syngenta Canada staff positions. […] Read more
Chinese envoy says Syngenta takeover was a bad deal
Reading Time: < 1 minute 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
Bunge reportedly ready to replace CEO
Reading Time: < 1 minute Reuters — Bunge Ltd. is preparing to replace its CEO Soren Schroder as the global grains trader faces investor pressure, the Wall Street Journal reported on Friday, citing sources. The company is expected to announce the CEO’s departure in the coming days, the report said, citing people familiar with the matter. The grains trader was […] Read more
Bunge names Syngenta CEO to board under deal with activist investors
Reading Time: < 1 minute Chicago | Reuters — Bunge Ltd. appointed the CEO of agrichemicals company Syngenta to its board on Wednesday as part of an agreement with activist investors D.E. Shaw and Continental Grain Co. The global grains trader named J. Erik Fyrwald as a director, as it navigates low crop prices and the trade war that has […] Read more
Ag trade flows may change amid trade dispute, Bayer says
Reading Time: 2 minutes Monheim | Reuters — Bayer said on Tuesday it would be difficult to predict 2019 earnings at its agriculture business, which now includes Monsanto, because a U.S.-Chinese trade dispute could reroute global trade flows in farming commodities. The head of Bayer’s crop science division told Reuters his company could even benefit if U.S. farmers switched […] Read more
A message from April Stewart, Country Guide's Associate Editor
