ChemChina Buys Syngenta
This is huge news today, state-owned ChemChina pays some 43 Billion $$$ for Swiss agrochemical biotech giant Syngenta. Syngenta was approched by US Monsanto last year who offered even more, but for antitrust reasons, that might not have been a good match, so Syngenta turned them down. Last year, Dow and DuPont also agreed to merge, creating another giant. What it reveals is that the main players in the US/European chemical/GMO sector are having major difficulties. Incidentally, last year I did a study of Syngenta for Consumers Union of Japan and the No! GMO Campaign. I may have to revisit that and publish it in English as well. ETC Group is the NGO that has followed these companies closely for a long time. They are very critical of the concentration of power that is emerging. The Big Six agrochemical corporations (BASF, Bayer, Dow, DuPont, Monsanto, Syngenta) that dominate commercial seed and pesticide markets worldwide now insist they must get bigger, faster if the world ...