China National Chemical Corporation acquiring Syngenta AG

China National Chemical Corporation,or known as ChemicalChina,announced on Thursday the completion of its 43 billion U.S. dollars acquisitin of Syngenta AG, a leadingpesticides and seeds supplier in Switzerland.

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China National Chemical Corporation, or known as ChemChina, announced on Thursday the completion of its 43 billion U.S. dollars acquisition of Syngenta AG, a leadingpesticides and seeds supplier in Switzerland.

This is China's biggest overseas acquisition to date as well as one of several deals that have a significant impact on the industry.
 
After the acquisition, ChemChina owns 95 percent of the company, making ChemChina a world leader in agribusiness.
 
Headquartered in Basel, Syngenta has a history of 259 years.
 
It is the world's largest pesticide company, and the third largest seed supplier.
 
State-owned ChemChina has so far purchased nine companies in France, the UK, Germany, Italy and Israel.

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