Source: REUTERS, 7/2/21

 Syngenta Group will use the proceeds from its expected $10 billion initial public offering (IPO) to fund internal growth and an acquisition spree to snare more of the $100 billion market for seeds and sprays, the agrichemical giant said on Friday. The company's prospectus to list on Shanghai's Nasdaq-style STAR Market was posted online by the Shanghai Stock Exchange on Friday, confirming details reported this week by Reuters after the application was filed on Wednesday. "Syngenta Group will expand and renovate its production facility and implement strategic acquisition to meet growing market needs," the company said in the document.

For more of this story, click here.