Syngenta takeover ‘wasn’t a good deal for the Chinese side’, Beijing envoy says amid Swiss debate on company sales to foreign entities

//Syngenta takeover ‘wasn’t a good deal for the Chinese side’, Beijing envoy says amid Swiss debate on company sales to foreign entities

Syngenta takeover ‘wasn’t a good deal for the Chinese side’, Beijing envoy says amid Swiss debate on company sales to foreign entities

Beijing’s ambassador to Switzerland has said ChemChina’s US$43 billion takeover of seed and agrochemicals company Syngenta was a mistake, and added he would have tried to stop the 2017 deal had he been in Bern at the time, according to media reports on Saturday.“If I had been the ambassador a year earlier, the takeover wouldn’t have taken place,” Gen Wenbin was quoted as telling the Tages-Anzeiger newspaper, without giving specific reasons for his opposition to the deal.“It wasn’t a good deal…

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By | 2019-06-30T08:45:47+00:00 June 30th, 2019|Business|Comments Off on Syngenta takeover ‘wasn’t a good deal for the Chinese side’, Beijing envoy says amid Swiss debate on company sales to foreign entities