ChemChina completes acquisition of Syngenta

Updated 2017-06-09 09:26:59 Xinhua

Chinese state-owned chemical giant ChemChina announced Thursday it has completed a deal to acquire Swiss agribusiness giant Syngenta.

ChemChina has purchased 94.7 percent of Syngenta's shares so far and will push forward the delisting of Syngenta from both Switzerland and the United States, the Beijing-based company told the press on Thursday.

Following the acquisition, ChemChina will respect Syngenta's corporate culture, maintain continuity of corporate management and allow the management team of Syngenta to play its role to realize a smooth transition and orderly integration.

In the future, ChemChina will implement a strategy to make Syngenta go public again with a view to realize long-term development and create greater value, the company said.

ChemChina announced it would make an offer to acquire the Swiss company for 43 billion U.S. dollars in February 2016.

Last month, it said that the majority of Syngenta shareholders had accepted the acquisition offer.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58December 17 2018 14:56:31

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16December 17 2018 14:56:31

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18December 17 2018 14:56:31

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords