ChemChina Secures Loans in Bid to Acquire Syngenta
ChinaChina (China National Chemical Corp.) “has secured commitments from lenders on a $12.7 billion loan for its purchase of Swiss pesticides producer Syngenta AG,” Bloomberg is reporting.
ChemChina agreed to acquire Syngenta for $43 billion, which would make the combined operation one of the largest suppliers of pesticides in the world.