Switzerland: Crop Protection Syngenta Completes Sale of Remedy Assets in EEA
Syngenta has finalized the sale of a portfolio of Syngenta and Adama Agricultural Solutions crop protection products to Nufarm.
Basel/Switzerland — The transaction, with a value of $ 490 million, was first announced on 24 October 2017 and has since been progressing through the required regulatory approvals. The transaction was carried out in accordance with the commitments given to the European Commission relating to Chemchina’s acquisition of Syngenta, which was completed in May 2017.
The combined portfolio of products divested includes off-patent crop protection formulations in the herbicides, fungicides, insecticides and other categories in the EEA as well as inventory.