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.