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Syngenta Pursuing South Africa Acquisition, Business Day Says

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May 21 (Bloomberg) -- Syngenta AG, the world’s largest crop-chemical business, will invest $500 million in Africa over the next 10 years, with most of that earmarked for South Africa, Business Day reported, citing Jan Suter, head of the company’s Africa and Middle East operations.

The company will make acquisitions or partner local companies to enter the seed market in the country and may consider a deal with Pannar Seed (Pty) Ltd., the Johannesburg-based newspaper cited Suter as saying. Pannar is appealing the South African Competition Tribunal’s decision to prohibit a merger with Hi-Bred International Inc.

To contact the reporters on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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