Syngenta Takeover February 4, 2016 12:00 am The Swiss-based seeds and agro-chemical group Syngenta, has agreed to a $43bn takeover by the Chinese company ChemChina. It is the largest ever foreign purchase by a Chinese firm. The deal, if completed, will end Monsanto’s long-standing pursuit of Syngenta (see September Bulletin). ChemChina has been expanding aggressively outside its home market in recent times – it purchased the Italian tyre maker Pirelli for $8.5bn last year. It already owns the Israeli firm Adama in the crop protection sector. The state-owned company has indicated that it wants to use Syngenta’s technology to help boost food production in China.
