Sector News

Syngenta finalizes asset divestment to Nufarm

March 19, 2018
Consumer Packaged Goods

Syngenta has completed the sale of a portfolio of Syngenta AG and Adama Agricultural Solutions Ltd crop protection products to Nufarm Limited to meet the European Commission’s requirements relating to the acquisition of Syngenta by ChemChina.

The transaction, with a value of US$490 million, was initially announced last October and has since been progressing through the required regulatory approvals, according to Syngenta.

“The transaction was carried out by the commitments given to the European Commission relating to ChemChina’s acquisition of Syngenta, which was completed in May 2017,” says a company statement.

The combined portfolio of products divested includes off-patent crop protection formulations in the herbicides, fungicides, insecticides and other categories in the EEA as well as inventory. The portfolio is understood to include established brands with more than 50 crop protection formulations and more than 260 registrations for use in European markets.

The disposal process has been carried out under the supervision of Duff & Phelps in its role as the monitoring trustee to the European Commission, while Rabobank has been acting as the exclusive financial advisor to Syngenta in connection with this transaction.

Source: Food Ingredients First

comments closed

Related News

March 24, 2024

Aldi’s new flat and stackable wine bottles “make light work of heavy shopping baskets”

Consumer Packaged Goods

Collaborating with Packamama, Aldi has rolled out the “UK’s first” supermarket own-brand flat wine bottles within its Chapter & Verse label. The recyclable ergonomic packaging concept is made from 100% recycled PET (rPET) and available for shiraz and chardonnay options.

March 24, 2024

Health, sustainability, and a taste for adventure drive snacking behaviors: Mondelēz State of Snacking report

Consumer Packaged Goods

For the fifth year in a row, global consumers expressed a preference for snacking over traditional meals, with six in 10 consumers saying they’d rather eat several small meals throughout the day than a few large ones, according to the fifth annual State of Snacking report from Mondelēz International. Nearly nine in 10 (88%) consumers snack daily.

March 24, 2024

Shareholders challenge Nestlé to increase sales of healthy foods

Consumer Packaged Goods

The shareholders are urging Nestlé to set a target to boost the proportion of its sales from healthier products amid concerns regarding regulatory, reputational and legal risks faced by the company, as well as the public health implications “associated with an over-reliance on less healthy foods”.

How can we help you?

We're easy to reach