View Single Post
  #7  
Old 09.01.2020, 10:34
gaburko's Avatar
gaburko gaburko is offline
Forum Veteran
 
Join Date: Oct 2011
Location: BL
Posts: 1,088
Groaned at 164 Times in 111 Posts
Thanked 2,909 Times in 1,059 Posts
gaburko has a reputation beyond reputegaburko has a reputation beyond reputegaburko has a reputation beyond reputegaburko has a reputation beyond reputegaburko has a reputation beyond reputegaburko has a reputation beyond repute
Re: More turmoil at Syngenta

https://www.nytimes.com/reuters/2020...-syngenta.html

Long story short: Syngenta, an Swiss pesticide company was bought by ChemChina in 2016 for $43bn in what was the largest Chinese foreign acquisition. Chemchina also owns Adama, an Israeli pesticide company.
Now they are creating a new entity with both companies and supposedly some assets from Chemchina and Sinochem too, that will be listed in the stock exchange to recover part of the 43bn.
The background to this, to make it spicy, is that there seems to be infighting in China between ChemChina and Sinochem, which are now under one Chairman and the ChemChina one was pushed to retire.
The following 5 users would like to thank gaburko for this useful post: