Syngenta: ChemChina's bridge financing 'committed and irrevocable'
A Syngenta logo is pictured in their office in Singapore, February 12, 2016. REUTERS/Edgar Su/File Photo
ZURICH (Reuters) - Bridge financing is "committed and irrevocable" for ChemChina's $43 billion takeover of Syngenta
"We have no comment to make on this article and ChemChina is proceeding with their refinancing strategy," the spokeswoman said. "Bridge financing for the transaction is committed and irrevocable."
State-owned ChemChina is borrowing heavily to buy seeds-and-pesticides producer Syngenta as the country seeks new agricultural technology to bolster its growing population's food supply. Caixin reported that a $15 billion piece of the deal's funding remains missing, citing several people it said were close to the deal.
http://english.caixin.com/2016-10-09/100994879.html
(Reporting by John Miller; Editing by Michael Shields)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- T-Mobile (TMUS) and EQT Announce JV to Acquire Lumos
- T-Mobile (TMUS) and EQT Announce JV to Acquire Lumos
Create E-mail Alert Related Categories
General News, Management Comments, Mergers and Acquisitions, Reuters, RumorsRelated Entities
Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!