Jan 18, 2016

Syngenta continues merger talks

Syngenta is talking merger options with various companies, according to Michel Demare, chairman on the board of directors.

Syngenta is in talks with China’s state-owned ChemChina, Monsanto and other companies, Demare said.

Here’s more from Reuters:

ChemChina, which is being advised by HSBC, is seeking a loan package by several large Western banks to fund a possible Syngenta takeover deal, which later may be refinanced by Chinese banks, several sources familiar with the matter said.

Demare told a Swiss newspaper last month that Syngenta was in talks with Monsanto, ChemChina and other rivals because “going it alone is hardly possible”, given what shareholders were expecting for the next 12 months.