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Syngenta

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CH0011037469

Syngenta : ChemChina says Beijing accepted anti-trust application for Syngenta deal

March 06, 2017 at 05:16 am EST

BEIJING (Reuters) - China National Chemical Corp, or ChemChina, said on Monday that China's Ministry of Commerce on Feb. 9 accepted its application for anti-trust approval for the proposed $43 billion takeover of Swiss crop protection and seed group Syngenta.

"We submitted the application and the ministry accepted it," said company spokesman Ren Kan.

(Reporting by Chen Aizhu; Editing by Tom Hogue)

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Company Profile

Syngenta is one of the world leaders in producing and marketing agrochemical product. Net sales break down by family of products as follows: - crop protection products (71.1%): herbicides, fungicides, insecticides, etc.; - seeds (20.8%): corn and soybean seeds (51.7% of sales), vegetable plants (25.1%) and other (23.2%; flower, oilseed rape, sugar beet); - flowering plants (5.1%). Net sales break down geographically as follows: Europe/Africa/Middle East (29.7%), Latin America (25.7%), North America (25%), Asia/Pacific (14.4%) and other (5.2%).

Sector

Agricultural Chemicals

Calendar

2024-08-27 - Q2 2024 Earnings Release (Projected)

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