ChemChina Said to Improve Syngenta Bid in Biggest China Takeover

China National Chemical Corp. raised its bid for Swiss pesticide and seeds maker Syngenta AG in a potential deal that would mark the biggest-ever purchase by a Chinese company, people with knowledge of the matter said.

ChemChina, as the state-owned company is known, offered to buy 70 percent of Syngenta now, with an option to acquire the remaining 30 percent, people with knowledge of the matter said last week. In addition to the two-step acquisition, the Chinese firm also made an alternative proposal to buy all of Syngenta, one of the people said.

Buying Syngenta would transform ChemChina into a maker of genetically modified seeds, putting it in competition with Monsanto. Lack of seed technology is a key reason that China’s corn yields are half those in the U.S., said Jason Miner, an analyst at Bloomberg Intelligence.

中国化工集团公司(ChemChina)调高了其对世界顶尖农化企业瑞士杀虫剂和种子生产商先正达(SynGEnta AG)的要约价格,这项交易很可能成为中国公司发起的最大一宗并购交易。

中国化工提议,以每股470瑞士法郎(约合3069元人民币)现金收购先正达70%股份;同时,中国化工还拥有收购余下30%股份的选择权。

Syngenta turns down $42bn ChemChina bid
http://www.theguardian.com

ChemChina is on the hunt for deals to acquire superior technology and products. Under its ambitious chairman, Ren Jianxin, it agreed in March to buy Pirelli, the Italian tyremaker, for $7.7bn.

Syngenta turned down a $47bn takeover approach from Monsanto of the US in August, saying the price undervalued Syngenta and that competition obstacles were too great.

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4 Comments on "ChemChina Said to Improve Syngenta Bid in Biggest China Takeover"

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Member
5 years 11 months ago

In Biggest Ever Chinese Corporate Takeover, ChemChina Set To Buy Swiss Syngenta For $43 Billion

According to Bloomberg, China National Chemical Corp. is nearing an agreement to buy Syngenta for CHF 43.7 billion as the state-backed company extends its buying spree with what would be the biggest-ever acquisition by a Chinese firm, said people familiar with the matter.

http://www.zerohedge.com/news/2016-02-02/biggest-ever-chinese-corporate-takeover-chemchina-set-buy-swiss-syngenta-43-billion

Member
5 years 11 months ago

中国化工目前缺的是种子,就此而言,先正达公司是个理想对象。这家瑞士公司是四大基因改良型作物生产商,旗下种子品种接近7000种。

  外媒称,中国化工集团(中国化工)收购先正达公司是巅峰之作还是一系列大手笔国际并购的序幕,目前还很难说。不管怎样,随着以430亿美元收购这家瑞士农业公司,眼下中国化工这家中国领先的国有化工企业已经成为最有收购欲的中国国企。

  频频出手志在全球

  据瑞士《新苏黎世报》网站2月3日报道,中国化工去年3月以70亿欧元收购倍耐力集团,今年1月以将近10亿欧元收购克劳斯-马费公司,现在又要收购全球领先的种子和农药制造商先正达。这是中国公司在海外进行的最大规模收购。

  报道称,对一家中国国企来说,这是不同寻常的一系列收购。中国化工此前已经在法国、以色列、澳大利亚和英国进行了收购,以加强塑料、农药和维生素产品的生产。此前进行并购或入股的主要是中国的大石油企业。

Member
5 years 11 months ago

中国化工目前缺的是种子,就此而言,先正达公司是个理想对象。这家瑞士公司是四大基因改良型作物生产商,旗下种子品种接近7000种。

  外媒称,中国化工集团(中国化工)收购先正达公司是巅峰之作还是一系列大手笔国际并购的序幕,目前还很难说。不管怎样,随着以430亿美元收购这家瑞士农业公司,眼下中国化工这家中国领先的国有化工企业已经成为最有收购欲的中国国企。

  频频出手志在全球

  据瑞士《新苏黎世报》网站2月3日报道,中国化工去年3月以70亿欧元收购倍耐力集团,今年1月以将近10亿欧元收购克劳斯-马费公司,现在又要收购全球领先的种子和农药制造商先正达。这是中国公司在海外进行的最大规模收购。

  报道称,对一家中国国企来说,这是不同寻常的一系列收购。中国化工此前已经在法国、以色列、澳大利亚和英国进行了收购,以加强塑料、农药和维生素产品的生产。此前进行并购或入股的主要是中国的大石油企业。

Member
5 years 5 months ago

高达430亿美元 中国最大海外收购案获批准

中国最大一桩海外收购案有了新进展。8月22日,中国化工集团公告,收购先正达(Syngenta)一事,已经通过了美国外资投资委员会(CFIUS)的审查

http://www.backchina.com/news/2016/08/22/443909.html