Syngenta sells sugar business to Denmark’s company

8 years ago - Published in Finance, Fundamental Analysis

Swiss agriculture company Syngenta, which is in deal to be bought by China National Chemical Corp., known as ChemChina, announced Friday that it has entered into an agreement to sell global Sugar Beet seeds business to DLF Seeds. Financial terms of the transaction are not disclosed.

The transaction is subject to customary approval requirements and expected to close by the end of the third quarter of 2017. DLF Seeds is a seed company dealing in forage and turf seeds, and other crops.

ChemChina announced on Maj the successful completion of the First Settlement of ChemChina’s tender offers for Syngenta. The Second Settlement is expected to occur on June 7, 2017. ChemChina is headquartered in Beijing and owns production, research and development, and marketing systems in 150 countries and regions.