A PYMNTS Company

China/US: Syngenta and ChemChina deal to complete by summer

By  |  March 29, 2017

Erik Fyrwald, Syngenta chief executive, says he is confident the $43bn sale of the Swiss seed and chemical company to ChemChina will be completed by the summer. Syngenta is looking to “aggressively grow” the company in China.

US and European antitrust regulators will approve the Chinese offer to buy Syngenta in the next few weeks, said Mr Fyrwald to the Financial Times. Fyrwald will remain chief executive once the deal is complete.

In an interview in Brussels, he added he has been assured by the Chinese group that financing is in place to close the deal, maintain the company’s investment-grade credit rating and fund more growth.

Full Content: Financial Times

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.