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ChemChina-Syngenta deal may help China meet food challenges

ChemChina Chairman Ren Jianxin announces a deal to purchase Syngenta at the Swiss company's corporate headquarters in Basel, Switzerland on Feb. 3.

FRANKFURT, Germany -- The purchase of Switzerland's agrochemical maker Syngenta by China National Chemical, or ChemChina, has sent shock waves through the industry.

     The $43 billion deal, the biggest-ever overseas acquisition by a Chinese state-owned company, will shake up the agrochemical and seeds market that has hitherto been dominated by the "Big 6" U.S. and European manufacturers, giving ChemChina access to cutting-edge agro chemical and genemodification technology.

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