syngenta viptera

Syngenta Confirms Takeover Funding OK

Dan Industry News Release

Syngenta says bridge financing for the ChemChina takeover of Syngenta is “committed and irrevocable.” The comments come after a news agency in China reported over the weekend that a $15 billion piece of the deal’s funding remains missing, citing several people it said were close to the deal, according to Reuters. A Syngenta spokesperson said this week “We have no comment to make on this article, and ChemChina is proceeding with their refinancing strategy.” State-owned ChemChina is borrowing heavily to buy Syngenta. The proposed $43 billion takeover is the biggest overseas offer ever made by a Chinese company and was expected to be completed by the end of this year.

From the National Association of Farm Broadcasting news service.