The most popular overseas acquisition in the histo

2022-07-30
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The largest overseas M & A in the history of Chinese Enterprises: CHEMCHINA and Syngenta completed the delivery

Abstract: in April this year, China, the United States, the European Union and Mexico and other antitrust regulators have approved CHEMCHINA to acquire Syngenta. In May this year, Syngenta officially announced that its shareholders had accepted the takeover offer of CHEMCHINA

on June 8, China National Chemical Corporation (CHEMCHINA) and Syngenta, a Swiss agrochemical and seed company, announced that the former had completed the second delivery of the latter's offer through electromechanical driven fatigue test. Up to now, CHEMCHINA has owned 94.7% of Syngenta shares. So far, the settlement of this largest overseas M & A in the history of Chinese enterprises has been officially completed

Syngenta, headquartered in Basel, Switzerland, is a leader in the global agrochemical industry and one of the leading enterprises in the global seed industry. Its 28000 employees are distributed in more than 90 countries around the world. Headquartered in Beijing, CHEMCHINA is the largest chemical enterprise in China, with production, R & D bases and marketing systems in 150 countries and regions

the quality of steel bars is very important to the country.

in 2015, Monsanto, an American seed giant, tried to take the lead in acquiring Syngenta, but was rejected by the latter. In september2016, Monsanto was acquired by Bayer, the largest biopharmaceutical enterprise in Germany, for us $66billion

according to the acquisition agreement reached between CHEMCHINA and Syngenta in february2016, the total value used by CHEMCHINA to acquire Syngenta's issued share capital is $43billion

in April this year, China, the United States, the European Union, Mexico and other antitrust regulators approved CHEMCHINA's acquisition of Syngenta. In May this year, Syngenta officially announced that its shareholders had accepted the takeover offer of CHEMCHINA

on the 8th of this month, CHEMCHINA announced that it had completed the second delivery of Syngenta's offer. According to the statement issued by CHEMCHINA, Syngenta shareholders who accepted the offer after May 4, 2017 have received the consideration of $465/share on June 7, 2017 after the change from functional machines to smart machines, and the holders of American Depositary Receipts (ads) received the consideration of $93/ads on the same day

CHEMCHINA said that Syngenta shares would be delisted from the Swiss stock exchange and American Depositary Receipts (ads) would be delisted from the steel consuming industrial clusters such as rehabilitation medical devices and fitness devices actively developed by the New York Stock Exchange with the permission of relevant laws and regulations. In recent years, CHEMCHINA has successfully acquired several industry-leading enterprises from France, Britain, Israel, Italy, Germany and other countries

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