GUANGZHOU -- As concerns about food security push China to reduce its reliance on foreign seeds, the Switzerland-based, Chinese-owned Syngenta Group is gearing up for a nearly $10 billion initial public offering to fund the acquisition of vital seed technologies.
Agriculture
Syngenta sows food self-sufficiency for China with IPO
$10bn offering to fund acquisitions and R&D with focus on seeds
Trials to improve crop yields can be found throughout China at sites like this rice paddy outside Guangzhou. (Photo by Yusuke Hinata)
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