The acquisition of Syngenta is the largest overseas acquisition in China?

It is reported that China National Chemical Corporation announced in Basel, Switzerland on June 27th that it has completed the acquisition of Swiss agrochemical and seed company Syngenta. Experts said that this move shows that Syngenta's acquisition has become the largest overseas acquisition in China.

According to the report, a China Chemical spokesman said that the acquisition of Syngenta will help China to improve its technological innovation capability in the field of chemical agrochemical, fill the gap in the field of patented pesticides and seeds, and enable it to provide an "agricultural integration solution" covering patented pesticides, non-patented pesticides, field seeds and vegetable seeds and agricultural technical services.

After China Chemical acquired Syngenta, it will respect Syngenta's corporate culture, maintain the continuity of enterprise management system, realize smooth transition and orderly integration, and help Syngenta's development in developing countries, especially China.

It is understood that Syngenta is the world's largest pesticide and the third largest seed agrochemical high-tech company, with pesticides and seeds accounting for 20% and 8% of the global market share respectively; Its annual R&D investment exceeds 9 billion yuan, accounting for about 65,438+00% of annual sales revenue, and it has more than 65,438+03,000 patents in the world.