Southeast Asia is a region in Southeast Asia.



Greater China is a term used to describe a

Asia’s rest


Internet Economy & E-Commerce


Infrastructure and Real Estate

Services in the Financial Sector

Infrastructure for Social Development

Syngenta files for a $10 billion acquisition. This year’s Shanghai IPO could be the world’s largest.
Syngenta’s website has a visual representation of its products.

Reuters, 2 July 2021

A prospectus filed with the Shanghai Stock Exchange revealed that agrichemical major Syngenta Group aims to float on Shanghai’s Nasdaq-style STAR Market with a 65 billion yuan ($10 billion) initial public offering (IPO).
According to the filing, Syngenta’s application to list on the STAR Market has been approved, and the business expects to issue up to 2.79 billion shares.
Reuters was the first to report on the floatation, which is expected to be the world’s largest this year.
According to Reuters, the developer of insecticides and seeds is expected to be valued at roughly $60 billion after the IPO, or $50 billion without debt.
ChemChina, which was integrated into Sinochem Holdings Corp this year, purchased the Swiss seeds and crop protection company in 2017 for $43 billion.
The deal is China’s largest takeover of a foreign corporation, and it aims to use Syngenta’s top-tier pesticides and patent-protected seeds to boost domestic agricultural output dramatically.
Syngenta, the world’s No. 1 crop protection company and No. 3 seed provider, has merged with Israeli agrochemical firm ADAMA and Sinochem’s fertiliser and seed business since being taken over.

Syngenta chemchina

Every day, you’ll receive articles like these in your email.

Sign up for The Daily Brief, our daily newsletter.
Register for the Newsletter

Related Articles

Markets & Initial Public Offerings
Syngenta, the Swiss agrichemical giant, has begun a ‘tutoring’ process with banks in preparation for its Shanghai IPO.

The process involves China International Capital Corp, BOCI, and Citic Securities.

ChemChina and Sinochem have merged their agricultural businesses to form Syngenta, a holding company.

Syngenta is expected to be listed on China’s technology-focused STAR market in mid-2020, according to ChemChina.

To continue reading our free content, create an account.

If you don’t want to get The Daily Brief in your inbox every day, unsubscribe.


Do you already have a login? Here is where you may log in./nRead More