Deals
ChemChina Said to Approach Funds Including CIC on Syngenta
- ChemChina contacted sovereign wealth funds to back offer
- ChemChina said to have made $41 billion offer for Syngenta
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China National Chemical Corp. approached sovereign wealth funds including China Investment Corp. to help pay for a potential acquisition of Syngenta AG, which would be the biggest Chinese acquisition ever if it goes ahead, people with knowledge of the matter said.
ChemChina, as the state-owned company is known, contacted government-run investment funds in Asia to gauge their interest in contributing money for an offer, people familiar with the matter said, asking not to be named because the talks are private. The funds, which could help ChemChina finance such a large purchase, haven’t yet agreed to participate, the people said.