ChemChina has revealed changes to its financing plan to purchase Syngenta AG which will lengthen the regulatory review process.
The Chinese company reportedly has secured a $5 billion investment from Citic Limited, one of China’s largest state-owned companies, to help fund the Syngenta acquisition. ChemChina said in a statement that would mean it would need fewer loans to finance the $43 billion purchase of the Swiss seed and ag chemical company.
Source: brownfieldagnews.com