ChemChina offers to buy Syngenta for Chinese record of $43 bn

Advertising

Zurich (AFP)

China National Chemical Corp on Wednesday offered to buy Syngenta for $43 billion, the Swiss pesticide giant said in a statement, in what would be the biggest-ever overseas acquisition by a Chinese firm.

Syngenta's board recommended the offer of $465 a share, plus a special dividend, to its shareholders, saying "the proposed transaction respects the interests of all stakeholders".