According to reports, China National Chemical Corporation announced on the afternoon of June 8 that it had completed the acquisition of the Swiss company Syngenta, with the acquisition amount reaching 43 billion. This has also become the largest overseas acquisition by a Chinese enterprise. Since then, the global agrochemical industry pattern of the United States, the European Union and China has formed.
Syngenta is reported to be a century-old company with a history of 259 years. Headquartered in Basel, Switzerland, it is the world's largest pesticide and third-largest high-tech company in seeds, with sales revenue of 90 billion yuan. , net profit was 8.4 billion yuan, and pesticides and seeds accounted for 20% and 8% of the global market share respectively.
Gu Si, President of Syngenta China, said that ChemChina’s acquisition offer has achieved a win-win situation for all parties. It ensures that Syngenta can focus on what it is good at, invest heavily in research and development, and develop new technologies to help them improve crop planting efficiency and increase yields.
It is reported that since ChemChina began its international operations in 2006, it has successively acquired 9 industry-leading companies in France, Britain, Germany, Italy, Israel and other countries. In 2011, it acquired Israel's Antamai Company, becoming a global The largest generic pesticide company. The acquisition of Syngenta will fill the gap in the fields of patented pesticides and seeds, and will play a positive role in improving my country's agricultural competitiveness and ensuring food security.