As a result, ChemChina has filed a petition with the Basel Appellate Court to cancel the remaining Syngenta shares not held by ChemChina or any of its affiliates, said a Syngenta press release.
Syngenta will also apply for the de-listing of its shares from the SIX Swiss Exchange, to become effective promptly following completion of the court proceedings.
Farmer’s Weekly earlier reported that the takeover had been ongoing since early 2016, and ChemChina had been receiving clearance from relevant anti-trust and regulators worldwide.
