ChemChina offers to buy Syngenta for Chinese record of $43bn

GMT 06:34 2016 Wednesday ,03 February

Arab Today, arab today ChemChina offers to buy Syngenta for Chinese record of $43bn

China National Chemical Corp
Zurich - Arab Today

China National Chemical Corp on Wednesday offered to buy Syngenta for $43 billion, the Swiss pesticide giant said in a statement, in what would be the biggest-ever overseas acquisition by a Chinese firm.

Syngenta's board recommended the offer of $465 a share, plus a special dividend, to its shareholders, saying "the proposed transaction respects the interests of all stakeholders".


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