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Exclusive-ChemChina seeking $10 billion in Syngenta IPO, lik
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Funds from planned Syngenta IPO may spur farm tech
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(Bloomberg) Syngenta Group Co., the agriculture giant owned by China National Chemical Corp., has picked banks for an initial public offering on Shanghai’s Nasdaq-style STAR board, according to people familiar with the matter. China International Capital Corp. and Citic Securities Co. are among advisers for the preparations of the share sale, said the people, asking not to be identified as the information is private. Syngenta could be valued at as much as $60 billion in a listing, which could take place as soon as this year, the people said. Syngenta has accelerated its IPO plans as Chief Executive Officer Erik Fyrwald told German media that the company has kicked off the process and hopes to list before the end of 2021. The company was aiming for mid-2022 last year. Details of the IPO could change as deliberations continue and more banks could be added, the people said. A representative for Citic Securities declined to comment, while representatives for Syngenta and CICC didn’t
Syngenta Group Appoints Daniel Vennard as Chief Sustainability Officer
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210520005404/en/
Daniel Vennard (Photo: Business Wire)
As Chief Sustainability Officer, Vennard will help Syngenta Group continue strengthening its ability to help farmers practice regenerative agriculture. He will be responsible for developing and implementing Syngenta Group s sustainability and net-zero goals. He will also work with the business units to fully integrate sustainability into the Syngenta Group s business strategy. Daniel and his team will build on the company s Good Growth Plan, which is a bold set of commitments that provides a pathway towards regenerative agriculture to better enable food systems to work in harmony with nature.
China’s seed ‘Silicon Valley’ in Nanfan strives for tech innovation, but long-time basic research, investment needed for global competition
Zhang Hongpei and Zhao Juecheng in Sanya Published: May 19, 2021 06:06 PM
About 30 years ago when Li was still a little boy, he remembered a time when many agricultural researchers across the country came to his hometown in Sanya s Yazhou district, South China s Hainan Province, for plant breeding, because the tropical island province can help shorten the breeding cycle of a variety by one third or a half. I cannot forget that a researcher from North China s Inner Mongolia Autonomous Region cried very sadly when the sorghum he planted was mostly eaten by sparrows, and from that moment on, I came to know that my hometown would become a key national breeding base, Li, now a taxi driver, told the Global Times during the trip from Yazhou station to the Nanfan Technology City in the district.
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