Bayer wins EU approval to take over Monsanto

GERMANY - German agrochemicals giant Bayer has won EU antitrust approval for its $62.5 billion buy of U.S. peer Monsanto, the latest in a trio of mega mergers that will reshape the agrochemicals industry. The tie-up is set to create a company with control of more than a quarter of the world’s seed and pesticides…

Syngenta completes the sale of European product portfolio to Nufarm

AUSTRALIA - Syngenta, the global agribusiness company has announced that it has completed its divestment plans to sale a portfolio of Syngenta AG and Adama Agricultural Solutions Ltd crop protection products to Nufarm Limited. Syngenta announced the bid to sale the portfolio for an agreed transaction valued at US$490 million in accordance with the commitments…

Syngenta and Nippon Soda enter global licensing agreement for novel seed treatment technology

SWITZERLAND - Seed giant Syngenta and Japanese chemical company Nippon Soda,  have announced that they have entered a global licencing agreement that will enhance collaboration on seed treatment technology. The agreement aims to enhance the use of the new seed treatment technology in the seed market, supported by best-in-industry expertise and the Global Seedcare Institute…

Syngenta to pay US$1.5b as settlement to US farmers over GMO corn exports

USA - Syngenta has agreed to pay more than US$1.5 billion to American farmers following a lawsuit over its decision to commercialize a genetically modified (GMO) strain of corn before China approved importing it. In what World Grain refers to be one of the largest agricultural settlements in U.S. history, the deal covers U.S. corn…

Syngenta completes acquisition of COFCO’s Nidera Seeds

SWITZERLAND - Syngenta, an international company committed to growing the world’s food has announced that it has completed the acquisition of Nidera Seeds, a key player in the South American seeds market. Nidera Seeds are a COFCO International’s wholly owned subsidiary and deals in proprietary brands in corn, sunflower, sorghum, soybeans and wheat, which had…

Syngenta appoints Alexandra Brand as Chief Sustainability Officer

SWITZERLAND - Syngenta has appointed Alexandra Brand as Chief Sustainability Officer, a newly created role in its strive to achieve sustainable agricultural production. The newly created Business Sustainability Group working under Brand will ensure sustainable agricultural production considering the company’s Regulatory Affairs, Sustainability and Stewardship, External Affairs and Communications activities. Alexandra Brand was Syngenta’s former…

Syngenta to acquire Nidera Seeds from COFCO

SWITZERLAND – Syngenta has entered a binding agreement to acquire Nidera Seeds for an undisclosed sum in an announcement by the Swiss agri-business giant and Chinese grains trader China National Cereals, Oils and Foodstuffs Corporation (COFCO) The Chinese-state owned food processing holdings company COFCO International is the country’s largest food processor, manufacturer and trader, which focuses on…

BASF’s late grab for Bayer seed assets marks strategy shift

GERMANY – BASF SE historically has boasted one of the widest portfolios in the chemicals industry, including products as dissimilar as cassette tapes and ulcer treatment. But it took a not-so-gentle nudge from the $160 billion wave of consolidation sweeping the agrochemical industry for the company to finally embrace seeds.