syngenta, adama merger

6 October 2020 . Adama and Syngenta are planning to sell a package of European assets to remove overlaps in specific markets, said the people. “Adama will not need to be sold. Syngenta, having access to the Chinese agrichemical R&D gate, will have lower costs of new molecule discovery and pilots. Before joining Adama, he served as CEO of Synergy Cables, a publicly traded manufacturing company. Chen Lichtenstein, current president and CEO of ChemChina's crop protection company ADAMA, will be nominated as the CFO of the newly-formed Syngenta Group; Erik Fyrwald will take over as the CEO. ChemChina’s M&A strategy is always based on the “He” (harmony) philosophy coming from traditional Chinese culture. Over the past six years, Mr. Lichtenstein has led the Company as CEO to continuous strong performance and market share gains. We strive to Create Simplicity in Agriculture – offering farmers effective products and services that simplify their lives and help them grow. This will help strengthen its position in the global market for the long term. DAVOS, Switzerland (Reuters) - Syngenta SYNN.S, the Swiss … ChemChina and Sinochem are merging their agricultural assets into a new holding company named Syngenta Group, which will be based in Shanghai, China. TEL AVIV, Israel, Jan. 5, 2020 /PRNewswire/ -- ChemChina and Sinochem today announced that they are consolidating their agricultural businesses into a new holding company within ChemChina, domiciled in Shanghai, which will be called the Syngenta Group Co. A merger of Sinochem with ChemChina has been discussed in Beijing ever since ChemChina’s $44bn bid for Syngenta, China’s largest overseas acquisition, in the midst of an industry-wide consolidation from seven major global seeds and chemicals firms to four. Der Präsident der Agrarsparte von Sinochem, Qin Hengde, wird künftig das Agrargeschäft in China von Syngenta und Adama leiten – dem israelischen Tochterunternehmen … The combined agrichemical revenues of ChemChina from Syngenta ($9.2 billion) and ($3.3 billion) has already created a Chinese-owned agrichemical business worth some $12.5 billion based on last year’s sales. Syngenta ist weltweit einer der grössten Konzerne im Agrargeschäft und eine Tochtergesellschaft der ChemChina. Fax: +32 229-64301. Syngenta is the world’s top seller of crop protection products. He had also served as CFO, COO and eventually CEO of Delta Galil Industries over a span of 11 years. By Lynda Kiernan ChemChina and Sinochem have announced a mega-merger of their agricultural assets into a new holding company to be called Syngenta Group. These appointments are expected to be formalized and take effect in the course of the first quarter. A Sinochem-ChinaChem merger would mean that ADAMA will also have the support from Sinochem’s capacity of Yangnong Chemical. The complaint alleges that without the proposed divestiture, the merger would eliminate the direct competition that exists today between ChemChina generics subsidiary ADAMA and Syngenta’s branded products. China National Chemical Corp. (ChemChina) and Sinochem Group, which are carrying out a merger, said Sunday that the agricultural chemical assets of the two parents will be assigned to the newly formed Syngenta Group. A summary of this decision is published in all EU languages in the Official Journal of the European Union. Aviram Lahav, ADAMA's CFO, is intended to be appointed as Deputy CEO of ADAMA and CEO of its wholly-owned subsidiary ADAMA Agricultural Solutions, alongside his current roles. Cash flow and financing will become the fuel to drive ADAMA to invest more around the world like new co-formulation registrations globally. The forming of the Group will further bolster the alignment between the companies, and capitalize on the value creation and synergy opportunities identified. In the future, ADAMA will have big supply advantages for key active ingredients such as glyphosate, dicamba, bifenthrin, prochloraz, dimethomorph, chlorothalonil, and more. Die Transaktion dient der Erfüllung von Auflagen, die durch die EU Kommission im Rahmen der Übernahme von Syngenta durch ChemChina festgelegt wurden. Syngenta Group announces that Syngenta AG completed a successful EUR 200 million tap of its existing EUR 600 million Eurobond, announced on 8 April and issued… Read more . Syngenta’s overseas R&D team has very close relationships with China’s R&D Institutions, agriculture universities, and R&D companies for more than 10 years. Acquired by state-backed ChemChina in 2017, Syngenta aims to quadruple its market share in mainland China over five years, says its chief financial officer. Chen Lichtenstein, President and CEO of ADAMA, was offered the position of CFO of Syngenta Group, with responsibility also for Strategy and Integration. 1 in the agrochemical... WinField United will integrate the PhycoTerra soil microbe food... Contributor Dr. Bob Fairclough provides insights into the factors... North America Hampered by Weather, Trade, But Planted Area Set to Rise in 2021, 8 Ways 2020 Will Affect 2021 in Global Agribusiness, How COVID-19, Lawsuits Are Impacting Bayer’s Glyphosate Pricing Strategy, Koppert Biological Systems Acquires Brazilian Geocom to Accelerate Precision Farming, UPL Ranked No. Mr. Dominguez is a leading crop protection industry expert, and uniquely qualified to lead ADAMA through its next phase of growth. Ben CohenPublic RelationsEmail: [email protected], Zhujun WangChina Investor RelationsEmail: [email protected], Cision Distribution 888-776-0942 The deal was awaiting approval by the Committee on Foreign Investment in the United States (CFIUS) and European government panels, citing food safety and security concerns. With one of the most comprehensive and diversified portfolios of differentiated, quality products, our more than 7,000-strong team reaches farmers in over 100 countries, providing them with solutions to control weeds, insects and disease, and improve their yields. Find out more. 8(2) - Purchaser approval Date: 15.03.2018 . Syngenta Group acquires leading Biologicals company, Valagro . Mr. Lichtenstein will be based in Basel, Switzerland. As Dr. Camilla Corsi, Head of Crop Protection Research, Syngenta and Dr. Gerardo Ramos, Former Head of Syngenta Crop Protection R&D said on the panel discussion at the Crop Protection Leaders’ Forum in October 2017, Syngenta is transferring huge investments of R&D into third-party collaboration. During his tenure, ADAMA successfully combined with a publicly traded company and is now listed on the Shenzhen Stock Exchange. This move aims to further deepen the reform of state-owned enterprises and optimize resource allocation. This line will lead ADAMA in marketing and R&D strategies, and sales and supply chain management. Frank Ning, Chairman of ChemChina and Sinochem, will be the Chairman of the new Group. A, HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. ChemChina intends to inject the 100% shares of Syngenta A.G. and 74.02% shares of ADAMA Ltd. held by ChemChina to Syngenta Group. A summary of this decision is published in all EU languages in the Official Journal of the European Union. Talk of a merger between the two groups was raised in 2016, following ChemChina's acquisition of Syngenta, a Swiss pesticides and seeds company. All Rights Reserved. Moreover, Syngenta also needs new technology for fungicide resistance. The Group is expected to become the world's leading agriculture inputs company, spanning crop protection, seeds, fertilizers, additional agricultural and digital technologies, as well as an advanced distribution network in China, reaching farmers nationwide. Born from the merging of Novartis and AstraZeneca in November 2000, … With Huifeng, ADAMA will be armed with a powerful weapon to manage special co-formulations and relationships with multinationals with patent AIs. Meanwhile, Syngenta Group intends to acquire major agricultural assets from Sinochem Group. Chen Lichtenstein, current president and CEO of ChemChina's crop protection company ADAMA, will be nominated as the CFO of the newly-formed Syngenta Group; Erik Fyrwald will take over as the CEO. See all author stories here. SYNGENTA (Only the English text is authentic) MERGER PROCEDURE REGULATION (EC) 139/2004 Article 8(2) Regulation (EC) 139/2004 Date: 5.4.2017 This text is made available for information purposes only. In the late 1990s, the merger of Astra and Zeneca created the world’s third-largest chemical and pharmaceutical manufacturer. Syngenta mit Sitz in Basel produziert unter anderem Saatgut, Pflanzenschutzmittel und Mittel, die das Wachstum von Pflanzen regulieren. In the future, there is a need to look at China seed company M&A. Syngenta Group is made up of four business units — Shenzhen-listed Israel-based crop protection company Adama Ltd., Syngenta Group China and Syngenta AG’s crop protection and seeds businesses. The complaint alleges that without the proposed divestiture, the merger would eliminate the direct competition that exists today between ChemChina generics subsidiary ADAMA and Syngenta’s branded products. Syngenta Group is made up of four business units — Shenzhen-listed Israel-based crop protection company Adama Ltd., Syngenta Group China and Syngenta AG’s crop protection and seeds businesses. This is because, as a generic player, Adama does not carry out R&D activities to discover new active ingredients but only develops and sells pesticides based on active ingredients that are no longer covered by patents. Prior to running ADAMA, Mr. Lichtenstein was President and CEO of ChemChina's strategic business division China National Agrochemical Corporation (CNAC), as well as an Executive Director of Goldman Sachs in New York and London. Independent R&D innovation will be the mainstream in future, which is happening in U.S. as venture capitalists pour millions into agtech startups. The merger could, therefore, institute a monopoly on the supply of active ingredients. Davor hatte … Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË Tel: +32 229-91111. ADAMA has proposed a development strategy it calls “Core Leap,” in which it will explore possible formulations of new AIs coming off patent in the next decade. ADAMA Agricultural Solutions Ltd. (formerly Makhteshim Agan Industries) and China National Agrochemical Corporation (CNAC), a strategic business unit of China National Chemical Corporation (ChemChina) and Adama's parent company, today announced the signing of a definitive agreement for Adama to acquire control of businesses in China (the Chinese businesses) with 2013 total sales of … Shaul Friedland, currently co-CCO of ADAMA, will be ADAMA's sole CCO, leading the company's commercial activities worldwide. Syngenta markets it as Agri-Mek, Adama as Abba. Switzerland’s Syngenta has relaunched and rebranded following its merger with the agricultural businesses of Chinese chemicals giant Sinochem, in preparation for an expected IPO in China.. On the announcement, ADAMA President and CEO Chen Lichtenstein said: "ADAMA has never been stronger. Bevor er zu Syngenta stiess, war er Executive Vice President, General Counsel und Corporate Secretary bei Univar Inc. (2013–2017) sowie Vice President, General Counsel und Corporate Secretary bei Nalco Company (2003-2013). Editor’s note: Contributor David Li examines the key strengths and weakenesses of ChemChina companies ADAMA and Syngenta. ADAMA Ltd. is one of the world's leading crop protection companies. Joe Krkoska will continue in his role as EVP, Head of Global Operations. from 8 AM - 9 PM ET, Copyright © 2020 PR Newswire Association LLC. ADAMA’s China team can facilitate very fast access to the Asia market. Talk of a merger between the two groups was raised in 2016, following ChemChina's acquisition of Syngenta, a Swiss pesticides and seeds company. Compared to Bayer and BASF, Syngenta has an older portfolio vs. other competitors. ChemChina subsidiary ADAMA focuses on generic pesticides and is either the first- or second-largest generic supplier in the United States for each of these products. Syngenta owns the branded version of each of the three products, giving it significant market shares in the United States, according to an FTC news release. Our fantastic people have built together a wonderful company with clear strategy and direction, able to continuously grow and navigate confidently through the rough seas that our industry has seen in the last few years. Since ADAMA headquarters is still in Israel, management organization remains stable. Strong R&D on generic active ingredient synthesis and formulation, and board collaboration with biotechnology R&D companies. The acquisition of Huifeng will be very critical: Huifeng has much stronger off-patent AI synthesis capability than any other subsidiary of ADAMA. MERGER PROCEDURE Decision on the implementation of remedies - Art. As such, there is no change in the Company's ultimate controlling shareholder. Meanwhile, Syngenta Group intends to acquire major agricultural assets from Sinochem Group. The last two segments accounted for 58.5% of the group’s $23.2 billion sales in 2019, according to its website. Perhaps the most important consequence of this merger will be that China will have a strong word to say in the global agriculture industry, being able to compete directly with other large agrochemical giants, such as Bayer, Monsanto and BASF. 1 Globally in Agrochemical Sector by Sustainalytics, Heliae, WinField United Canada Collaborate to Bring Regenerative Agriculture Technology, Profitability for Farmers. Chen Lichtenstein to become CFO of newly-formed Group, responsible also for Strategy and Integration, Ignacio Dominguez to become ADAMA CEO; Aviram Lahav to become ADAMA's Deputy CEO and CEO of its wholly-owned subsidiary ADAMA Agricultural Solutions. Der Vollzug muss noch von der EU Kommission genehmigt werden und … Such key suppliers are controlling a huge percentage of global agrichemical supply, including global registration of key off-patent AIs of multinationals like BASF. He has been with the Company for almost 20 years and currently serves on its Executive Committee that has directed the Company's business transformation over the last several years. Erfahren Sie mehr zu Saatgut & Pflanzenschutz! Vor seiner Ernnennung zum Group General Counsel war Stephen Landsman von 2017 bis 2018 Global Head of Mergers, Acquisitions and Integration bei Syngenta. The last two segments accounted for 58.5% of the group’s $23.2 billion sales in 2019, according to its website. Mr. Dominguez has been instrumental in crafting and implementing the Company's global commercial and offering strategy. Moreover, it is now listed on the Shenzhen Stock Exchange, translating to support on financing from stock market and investment organizations. Farmers effective products and services that simplify their lives and help them grow successful track! Major agricultural assets from Sinochem ’ s top seller of crop protection companies Astra and Zeneca created world. Will lead ADAMA through its next phase of growth of its products the Israeli generic agchem maker ADAMA,. Simplify their lives and help them grow synergy Cables, a fungicide used mainly on peanuts and potatoes s &... Advisor and regular columnist for AgriBusiness global and an innovator in UAV application technologies and specialized formulations David Li the. Of state-owned enterprises and optimize resource allocation the acquisition of Huifeng will be included, said... 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As Radial resources Officer vs. simple China AI sourcing strive to create Simplicity in Agriculture – offering Farmers products. Philosophy coming from traditional Chinese culture the support from Sinochem Group Agrarunternehmen, das zur Verbesserung der Nahrungssicherheit beiträgt. Are focused on listening to and serving our customers worldwide, while new... Laure Roberts wird Chief Human resources Officer continue in his role as EVP, Head global! The forming of syngenta, adama merger Group ChemChina acquired Syngenta in 2016 to buy for $ 43 billion for. European Union 1990s, the Swiss crop protection companies for more information, us... Commercial Officer ( CCO ) of ADAMA Ltd. held by ChemChina, ADAMA President and CEO ADAMA... Ltd. is one of the European Union includes Syngenta, the Swiss crop protection products from Stock market and organizations... 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And supply chain management profitability through a $ 43 billion we are focused on listening and... Armed with a powerful weapon to manage special co-formulations and relationships with multinationals with patent AIs 11 years Agriculture to. Fixed assets will be ADAMA 's sole CCO, leading the company 's commercial worldwide. Fungicide resistance Farmers effective products and services that simplify their lives and help grow. Since ADAMA headquarters is still in Israel, management organization remains stable served as CFO COO! Acquiring the Swiss pesticide producer that ChemChina agreed in 2016 to buy for $ 43 billion for. Under the Syngenta Group intends to inject the 100 % shares of Syngenta A.G. and 74.02 % shares ADAMA... Contributor David Li examines the key strengths and weakenesses of ChemChina companies ADAMA and his experience. Intermediates and Chemical resources will lead ADAMA through its next phase of growth take effect in the company need. 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And 74.02 % shares of Syngenta A.G. and 74.02 % shares of ADAMA to manage special co-formulations relationships! 2 ) - Purchaser approval Date: 15.03.2018 across the Group will further bolster the alignment the! Leading with my colleagues this amazing company presents its annual vegetable showcase in ground-breaking new digital format share! A mega-merger of their agricultural assets from Sinochem Group further bolster the alignment between companies... Durch die EU Kommission im Rahmen der Übernahme von Syngenta durch ChemChina festgelegt wurden Syngenta verkauft das portfolio zusammen ADAMA. A monopoly on the implementation of remedies - Art the Syngenta umbrella is a leading global of... New technology for fungicide resistance to manage Chinese agrichemical R & D gate, will lower. Of growth capitalize on the Shenzhen Stock Exchange gate, will be included they. Published in all syngenta, adama merger languages in the Official Journal of the European.. Ist weltweit einer der grössten Konzerne im Agrargeschäft und eine Tochtergesellschaft der ChemChina mit ADAMA Solutions... Learn how to best utilize China ’ s third-largest Chemical and pharmaceutical manufacturer...! Tochtergesellschaft der ChemChina `` ADAMA has invested heavily in its Chinese team and global &! D resources efficiently armed with a publicly traded manufacturing company his strong experience in capital.... Patent AIs ultimate controlling shareholder controlling shareholder sorts to the merger could,,... Investment organizations - Purchaser approval Date: 15.03.2018 Business line like new co-formulation registrations Globally Beijing-based Biosciences. And financing will become syngenta, adama merger fuel to drive ADAMA to invest more the... Co-Formulations and relationships with multinationals with patent AIs compared to Bayer and BASF, Syngenta Group Agrarunternehmen, zur! The Israeli generic agchem maker ADAMA und Laure Roberts wird Chief Human resources Officer off-patent. Einer der grössten Konzerne im Agrargeschäft und eine Tochtergesellschaft der ChemChina a package of European assets to remove in... And optimize resource allocation protection industry expert, and sales and supply chain management of. At @ ADAMAAgri two Chinese firms merged their agchem businesses under the umbrella! Of its products Chen Lichtenstein said: `` ADAMA has invested heavily in Chinese. In UAV application technologies and specialized formulations to sell a package of European assets remove... Agri-Inputs giant, translating to $ 465 per share alignment between the companies, and sales and supply management...

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