Deals
Agriculture Feeds Record First-Quarter Chemical Sector M&A
- ChemChina-Syngenta propels China banks into top 20 advisers
- Consolidation in sector likely to continue through 2016
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Chemicals companies were a big win for dealmakers in the first quarter, posting their best ever start to a year as volume more than tripled from the year-earlier quarter to $71 billion, fueled by transactions in the agricultural segment of the industry.
The biggest combination of the year so far -- China National Chemical Corp.’s $43 billion offer for Swiss agri-chemical company Syngenta AG, was the main contributor to the jump. The chemicals industry represents about 11 percent of first-quarter deal volume of $622 billion across all industries, according to data compiled by Bloomberg.