Syngenta, offered for 10 billion on the Shanghai Stock Exchange

The Swiss group has been controlled by the Chinese giant ChemChina since 2017

Syngenta, one of the world’s leading agribusiness companies, aims to raise $10 billion with its public offering on the Shanghai Stock Exchange, in what could be the largest listing of the year in the world. This was confirmed by its parent company ChemChina, a Chinese listed company active in the chemical industry, in the prospectus filed with the Shanghai Stock Exchange.

The company said its listing application has been approved and it will issue up to 2.79 billion shares.

Syngenta is a Swiss agro-industry giant specializing in the production of agricultural technical equipment and in seed activities. It was bought in 2017 for $43 billion by ChemChina, which has since merged with Sinochem, creating a $150 billion petrochemical holding company.

hef – 19804
Shanghai, China, 07/05/2021 06:30
EFA news – European Food Agency