Syngenta agrees to $43bn ChemChina buyout offer

Agribusiness giant Syngenta has agreed to an acquisition offer from of US$43 billion in what could become the largest-ever foreign acquisition by a Chinese company, The Wall Street Journal reported. “We have a very attractive offer on the table and we are putting it to our shareholders,” Syngenta’s interim Chief Executive John Ramsay said in an interview. Completing the purchase of the Swiss firm would entail a gauntlet of regulatory scrutiny in both Europe and the US for ChemChina; North America currently accounts for nearly a quarter of Syngenta’s sales.