ADAMA Becoming a Distinctive Member of Newly-formed Syngenta Group
ChemChina and Sinochem have announced that they are consolidating their agricultural businesses into a new holding company within ChemChina, domiciled in Shanghai, which will be called the Syngenta Group Co. The Group is expected to become the world’s leading agriculture inputs company, spanning crop protection, seeds, fertilizers, additional agricultural and digital technologies, as well as an advanced distribution network in China, reaching farmers nationwide.
ADAMA, Syngenta, and Sinochem’s agriculture-related activities, the businesses comprising the newly-formed Group, have made significant advances in their collaboration over the last year, generating meaningful additional revenue through cross-sales and benefiting from procurement and operational savings. The forming of the Group will further bolster the alignment between the companies, and capitalize on the value creation and synergy opportunities identified.
ADAMA is becoming a distinctive member of this newly-formed industry leader through the contribution of the stake that ChemChina currently owns in ADAMA into the Group. As such, there is no change in the Company’s ultimate controlling shareholder. ADAMA will continue to be headquartered in Israel, and remain traded on the Shenzhen Stock Exchange, as well as maintain its unique brand and positioning.
Continue reading at PR Newswire.
Get The Newsletter Today!
