Deals
Syngenta CEO Sees Dual Listing for Company in Europe, U.S.
- Chinese-owned pesticide maker plans to relist in five years
- CEO prepared to spend ‘significant’ amount on acquisitions
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Syngenta AG, the Swiss pesticide maker acquired by China National Chemical Corp. for $43 billion, is considering bourses in Europe and the U.S. as possible locations for a re-listing of shares in about five years.
“I would not be surprised if it was a combination of Europe and the U.S., as we were before,” Syngenta Chief Executive Officer Erik Fyrwald said in an interview in Brussels Monday, adding that the final decision would depend on a number of factors at the time of listing. ChemChina’s Ren Jianxin, now Syngenta chairman, has said he plans a minority listing of the Basel, Switzerland-based company within a period of about five years.