When did ChemChina acquire Syngenta?
When did ChemChina acquire Syngenta?
2017
ChemChina, a state-owned enterprise, has filed for an IPO of Syngenta, the world’s largest producer of agricultural chemicals, which it bought for $43 billion in 2017 (a deal that Fortune chronicled in detail). It remains China’s biggest foreign acquisition. Now the IPO could be one of China’s biggest.
Why did ChemChina buy Syngenta?
The deal, announced in February 2016, was prompted by China’s desire to use Syngenta’s portfolio of top-tier chemicals and patent-protected seeds to improve domestic agricultural output. It is China’s biggest foreign takeover to date.
Does ChemChina own Syngenta?
It is owned by ChemChina, a Chinese state-owned enterprise. Syngenta AG was founded in 2000 by the merger of the agrichemical businesses of Novartis and AstraZeneca, and acquired by China National Chemical Corporation (ChemChina) in 2015.
Is ChemChina state-owned?
China National Chemical Corporation (ChemChina) is a large State-owned enterprise under the administration of SASAC and established in May 2004 with the approval of the State Council.
Who is the owner of Syngenta?
Cnac Saturn (Nl) B.V.Syngenta / Parent organization
Does Syngenta own Adama?
The new entity, named Syngenta Group, also incorporates Israeli crop protection company Adama. Chinese state-owned enterprise (SOE) ChemChina owns both Adama and Syngenta, and is reportedly undergoing a merger with fellow SOE Sinochem.
Who bought out Syngenta?
ChemChina’s
ChemChina’s US$43 billion acquisition of Syngenta in 2017 remains the largest takeover of a foreign company by a Chinese firm.
Is Adama a Chinese company?
In 2017, Adama Agricultural Solutions Ltd. was acquired by Hubei Sanonda Co. Ltd., a Chinese agro-chemical producer and partially owned subsidiary of ChemChina.
What is the revenue of ChemChina?
454.3 billion yuan
At the end of 2019, ChemChina had total assets valued at 843.9 billion ($128.33 billion), with revenue reaching 454.3 billion yuan.
How much money is Syngenta worth?
Syngenta is a Swiss agricultural company worth more than $32 billion.
How did Ren Jianxin start ChemChina?
He founded Bluestar, a small solvents factory, in 1984, and created ChemChina by taking control of more than 100 troubled factories from the government, which retains ownership. Ren Jianxin was born January 1958 in Lanzhou, Gansu Province, of Hebei ancestry.
Who is Ren Jianxin?
Ren Jianxin was born January 1958 in Lanzhou, Gansu Province, of Hebei ancestry. During the Cultural Revolution, he worked as a sent-down youth in Dunhuang from 1974 to 1975.
Is Renren China’s most dynamic globaliser?
Ren is chairman of what The Economist has described as the “most dynamic globaliser among China’s state enterprises”.