syngenta to sell seed business launches 2bn share buyback
Saturday 26 July 2025
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Syngenta to sell seed business, launches $2bn share buy-back

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Syngenta to sell seed business, launches $2bn share buy-back

Syngenta
Geneva - AFP

Swiss agrochemicals giant Syngenta on Thursday moved to placate shareholders after it rejected a massive takeover bid by Monsanto, announcing it would sell its vegetable seed business and buy back $2.0 billion worth in shares.

Syngenta, which last week saw its share price plunge 18 percent after US seed giant Monsanto finally dropped its campaign to buy it, said Thursday it would take a series of measures to "accelerate shareholder value creation".

The divestment of its global vegetable seed division was part of this plan, it said, pointing out that the business had "a significant global footprint and a wide array of best-in-class varieties," adding that it was "expected to attract significant third-party interest."

The unit raked in $663 million in sales last year.

Syngenta said it also aimed to return "significant levels of capital" to its shareholders through a programme to buy back more than $2.0 billion in shares, set to begin in coming weeks.

"The board and management are determined to accelerate shareholder value creation and our actions today underpin our commitment to do so," chairman Michel Demare said in a statement.

Last week, Syngenta saw its share price plummet after Monsato dropped its campaign to buy the company, maintaining it had no choice but to pull the plug on the proposed deal after Syngenta refused to entertain repeated and improved offers.

The last bid, proposed on August 18, worth about $46 billion at the time, would have amounted to 470 Swiss francs per share overall, up from the original April bid of 449 francs per share, Monsanto said.

"Syngenta management reacted well to appease shareholders after the failed takeover by Monsanto," IG analyst Andreas Ruhlmann said in a note.

He pointed out that Monsanto had planned to sell off the vegetable seed division, which accounts for 21 percent of Syngenta's business, if the takeover deal had gone through.

And, he stressed, although the seed business had been undergoing difficulties for the past two years, "the potential for margin expansion should not fail to attract buyers."

"This move makes sense, as it will allow Syngenta to concentrate on its high margin crop business where it enjoys a world leading position," he said.

Many analysts downgraded Syngenta after the Monsanto deal fell through, but Ruhlmann said Thursday's announcement "leaves a lot of room for any upside surprise."

"And if Syngenta successfully sells its seed branch, there are chances Monsanto will come back with yet another offer," he added.

Following Thursday's announcement, Syngenta saw its share price rise 3.36 percent in midday trading to 337.90 Swiss francs a piece, as the Swiss stock market's main SMI index rose 1.63 percent.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

syngenta to sell seed business launches 2bn share buyback syngenta to sell seed business launches 2bn share buyback

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

syngenta to sell seed business launches 2bn share buyback syngenta to sell seed business launches 2bn share buyback

 



GMT 10:18 2018 Thursday ,30 August

Iran incapable of closing Hormuz, Bab Al Mandeb

GMT 10:46 2012 Thursday ,16 February

BMW i8 The Best of the 2012 Detroit Auto Show

GMT 15:48 2018 Sunday ,21 January

Iraqi, Kurdish PMs try to resolve bitter dispute

GMT 06:15 2018 Tuesday ,09 January

Hollywood stars declare war on sexual misconduct

GMT 00:09 2017 Sunday ,29 January

Egypt working for Libya political solution, says FM

GMT 06:03 2017 Wednesday ,01 March

Saudi Aramco, Malaysian Petronas sign historic deal

GMT 13:55 2012 Sunday ,15 January

Youngest Microsoft professional dies

GMT 10:54 2016 Monday ,14 November

US elections have heightened uncertainty

GMT 10:49 2017 Wednesday ,20 September

Nabila describes mother’s death as the worst in life

GMT 00:24 2017 Saturday ,23 September

Gulf Air launches daily flights to Istanbul

GMT 14:50 2011 Friday ,24 June

Nelly Maqdasi sings for Arabs
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice