User:Викидим/Syngenta Group
The Syngenta Group Co Ltd is a Chinese state-owned agricultural technology company.[1] Founded in 2020, it operates as a holding for four main businesses: Syngenta Plant Protection/Syngenta Seeds (collectively known as Syngenta), Syngenta Group China (originally the agricultural business of Sinochem), and Adama Agricultural Solutions. With revenues of 28 billion dollars (2021), the group held a 24% market share in the worldwide crop protection market, ahead of its main competitors Bayer (at 20%), BASF (12%), and Corteva (11%).[2] Its market share in seeds was 7%.[3]
As of 2022, the group was owned by the Agrochemical Company (99%) and McDonnell Agrochemical, both are owned by ChemChina, in turn owned by Sinochem, with the ultimate owner being the state of China.[2] The bulk of the revenues (66%) in 2020 was in plant protection, including chemical herbicides, fungicides, insecticides, and other pesticides. Seeds provided 15% of the revenue and fertilizers another 14%.[4] Geographically, revenues were spread among Latin America (24%), North America (19%), China (20%), the rest of Asia Pacific (12%).[5]
IPO
[edit]Since 2021, there have been reports about an IPO of the company.[6] In 2023, Syngenta Group has filed an application for a proposed initial public offering on the Shanghai Stock Exchange’s main board.[7][8] Due to Syngenta's parent company, ChemChina, being under US sanctions, US banks might not be able to participate in this IPO.[9]
References
[edit]- ^ "Syngenta Group Co Ltd - Company Profile and News". Bloomberg.com. Retrieved 2023-09-22.
- ^ a b Rijk 2022, p. 4.
- ^ Rijk 2022, p. 1.
- ^ Rijk 2022, p. 5.
- ^ Rijk 2022, p. 6.
- ^ "China is unloading its biggest-ever foreign acquisition". Fortune. Retrieved 2023-09-22.
- ^ Chen, Yawen (2023-05-30). "Breakingviews - Syngenta's IPO is more relief than triumph". Reuters. Retrieved 2023-09-22.
- ^ Hale, Thomas; Wiggins, Kaye; Leng, Cheng; Lockett, Hudson (2023-06-26). "China's biggest IPO in years poses $9bn question for western banks". Financial Times. Retrieved 2023-09-22.
- ^ Petry, Johannes (2024-12-31). "China's rise, weaponised interdependence and the increasingly contested geographies of global finance". Finance and Space. 1 (1): 53. doi:10.1080/2833115X.2023.2296439. ISSN 2833-115X.
Sources
[edit]- Rijk, Gerard (10 November 2022). "Syngenta's IPO: high investment risk" (PDF). Publiceye. Retrieved 16 March 2024.
Category:Chinese companies established in 2020 Category:Companies based in Shanghai Category:Corporate spin-offs