Syngenta CEO Interested in Bayer Assets That Come to Market
Alert: HALISTER
Source: BFW (Bloomberg First Word)
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CHNCCZ CH (China National Chemical Corp)
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J Fyrwald (Syngenta AG)
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UUID: 7947283
(Bloomberg) -- The Swiss pesticide maker, in the final stages of being acquired by ChemChina, would be interested in assets shed following Bayer-Monsanto merger, Syngenta CEO Erik Fyrwald says in interview.
- Says any assets, particularly in seeds, would be of interest; these could include Bayer’s cottonseed, canola units
- Says Syngenta “always interested in strengthening herbicide business,” looking at acquisitions, collaborations if they make sense
- Confident ChemChina deal remedies will be sufficient for antitrust approvals
- “In the next one to five years, there’ll be billions of dollars of opportunity for us”
- Says ChemChina’s pre-close financing all in place; will have investment grade balance sheet after the deal
- Says has been reassured equity portion of ChemChina’s financing “will be in place after the close, that it’s being worked out”
- Would only sell Syngenta assets if they “didn’t make sense for the long term”; says vegetable seeds is “absolutely not for sale”
- NOTE: Bayer-Monsanto deal makes $2.5 billion in assets available
- NOTE: BASF Studies Bid for Bayer Assets in Potential Foray Into Seeds
Alert: HALISTER
Source: BFW (Bloomberg First Word)
Tickers
BAYN GR (Bayer AG)
SYNN VX (Syngenta AG)
CHNCCZ CH (China National Chemical Corp)
MON US (Monsanto Co)
People
J Fyrwald (Syngenta AG)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283