ChemChina has big plans for Syngenta
Ren Jianxin (а right) is the new prйsident of the board of directors of Syngenta and Michel Demarй, its dйsormais vice-prйsident. (Photo: Keystone)
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ChemChina does not lack ambition for his future subsidiary agrochemical bвloise Syngenta. The gйant of chemistry, chinese intends to double the group’s sales rhйnan by five а ten years, anticipates Ren Jianxin, the new prйsident of the board of directors of Syngenta.
But before that, ChemChina has yet to get 50’000 shares or 0.3% of the share capital of Syngenta, to reach the threshold visй of 98% of the shares. A limit а from which the gйant of the Middle empire may dйclarer dummies the latest titles still in the hands of the public and vйritablement dйtenir the multinational йtablie а Bвle.
Projecting dйjа in the future, Syngenta йvalue dйsormais a new entrйe in the Stock market. Originally, ChemChina intended to take 70% of the shares of its target rhйnane. However, the lйgislation switzerland does not allow it, ” says Michel Demarй, the ex-prйsident of the board of directors of Syngenta and dйsormais vice-prйsident group bвlois, in an interview publiйe Tuesday by the Basler Zeitung.
In this context, the group will examine over the next five annйes the possibilitй listing partial shares of Syngenta. A opйration that Mr. Demarй considure as a guarantee for the respect of rugles western of good governance for Syngenta, also in the hands of the chinese.
“Syngenta is still Syngenta”
“Syngenta will remain Syngenta,” explains for his part, Mr. Ren, in the be able to interview, the words of Mr. Demarй during the announcement of the redemption of Syngenta by ChemChina. In order to convince the most skeptical, the Chinese announced the goal of “doubling the sales of the group bвlois by five а ten years.”
Mr. Ren also intends to maintain investments in matiure research and dйveloppement to the current level of 1.3 billion swiss francs per year. Optimism that the prйsident of the board of directors of Syngenta justified by the fact that China reprйsentera an important marchй of growth for the group bвlois.
In addition, a prйsence increased in China will be the springboard for the expansion of Syngenta in the whole of the rйgion Asia-Pacific. The multinational rhйnane ensure the well-being of chinese farmers, of Switzerland and of the whole of the planute, continued Mr. Ren.
“In ancient times, hunger, disease and wars reprйsentaient momentanйment of flйaux in some rйgions. Dйsormais, siucle sees the whole of the humanitй want to aspire а a longer life and healthier”. Of the aspirations to which Mr. Ren promises to contribute.
Optimism for the job
Both Mr. Ren Mr. Demarй underline the strong performance affichйe by ChemChina in matiure of international acquisitions. The acquired businesses have prйsentй strong growth, “with some having more than doublй their turnover,” says the Belgian-Swiss, convinced of a destiny the same for Syngenta.
The two leaders are more cautious in matiure employment, including the maintenance of jobs in Switzerland. However, both want to be optimistic, “the йvolution present speaking in favor of the crйation jobs and the gйnйration of entrйes tax supplйmentaires,” said Mr Ren.
The Chinese in addition confirmй the promise to maintain the siuge main Syngenta а Bвle, believing it was essential to anchor the west of the group rhйnan. The two leaders are not afraid of a shock on the level of corporate cultures. For the win-win agreement is vйrifie for both parties, ChemChina and Syngenta should not merge, ” notes Mr. Demarй.
Mr. Ren qualifies as a rumor a йventuelle merger of the two gйants of chemistry, chinese ChemChina and SinoChem. “The rumors do not have any influence on our transaction and collaboration with ChemChina,” says his cфtй Mr. Demarй.
Cleaning gйant chemistry of the charismatic Figure of ChemChina, Mr. Ren has fondй in 1984 the first chinese company of cleanings, which has donnй birth twenty years later to the gйant chemistry ChemChina. Agй of 58 and a member of the communist party of china, Mr. Ren served as director gйnйral of the group and prйsident of the board of directors since 2014. Elected Monday as expected prйsident of the board of directors of Syngenta, during the assemblйe gйnйrale group agrochemical, Mr. Ren prйside йgalement the Italian manufacturer of tyres Pirelli, avalй 2015 by ChemChina. It succude а Michel Demarй, which has йtй portй а the vice-prйsidence of the company bвloise as administrator indйpendant.
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the 27.06.2017 12:39
dйnoncer this comment
Not drфle at all
China is ‘nicely’ in the process of purchasing the planute entiure.
This scйnario me paraot not drфle at all, quite the contrary !!
the 27.06.2017 12:29
dйnoncer this comment
not good not good all зa
the 27.06.2017 13:42
dйnoncer this comment
Good deal ? for the pinheads !
You believe quite frankly the beautiful words of a chinese man who made millions of bowing in front of it and not a good shot by derriure ??? Of course the big institutional shareholders (US, CH, GB and others) laugh sipping champagne in the sun, while the other will twist up а the cord by these new slave traders
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