China has launched its biggest takeover bid yet, with ChemChina offering $43bn-plus to buy Swiss agribusiness company Syngenta, capping a record start to the year for mainland dealmaking.
Syngenta announced the agreement on Wednesday, confirming the previous day’s reports, and said its existing management would remain in place.
ChemChina said it would look “in the years to come” to list the business via an initial public offering and was committed to maintaining “the highest corporate governance standards”.
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