Syngenta COO on ChemChina Offer

syngentaSyngenta confirmed Monday that ChemChina, a Chinese state-owned company, has offered to acquire the company with the cash purchase of all Syngenta shares. The $43 billion deal must still be approved by two-thirds of Syngenta shareholders and receive regulatory approval.

Syngenta Chief Operating Officer Davor Piskof held a press call with reporters Monday to talk about the deal, noting that the offer will allow Syngenta “to continue as a stand alone company,” and keep its commitment to research and innovation. “To ensure that Syngenta remains Syngenta (is) one of the most important elements of this transaction,” said Piskof, adding that it “helps preserve choice for growers at a time when we’re seeing a lot of consolidation.”

Listen to or download entire call here: Syngenta COO Davor Piskof