Switzerland/China: Agribusiness Syngenta Acquisition Almost Completed
Syngenta announced that with the purchase of additional shares by Chemchina, the Chinese company's share capital has exceeded 98 %.
Basel/Switzerland — As a consequence, Chemchina has filed a petition with the Basel Appellate Court to cancel the remaining Syngenta shares that are not held by them or any of its affiliates. Holders of these shares would receive the offer price of $ 465 per Syngenta share following completion of the court proceedings.
In parallel, Syngenta will apply for the de-listing from the SIX Swiss Exchange of its shares, to become effective promptly following completion of the court proceedings.