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The Spurning of Monsanto: Tip of the iceberg?

Source: Food First

Early this month the Syngenta corporation made history by accepting a buyout bid from the Chinese state-owned company ChemChina. The two corporations together control a quarter of the global pesticide market and hold top positions in the global seed market. It is the largest foreign corporation ever bought by China.

“In making this offer, ChemChina is recognizing the quality and potential of Syngenta’s business,” said Syngenta chairman Michael Demaré upon announcing the merger, “This includes industry-leading R&D and manufacturing and the quality of our people worldwide. The transaction minimizes operational disruption; it is focused on growth globally, specifically in China and other emerging markets, and enables long-term investment in innovation. Syngenta will remain Syngenta and will continue to be headquartered in Switzerland.” (1) read more