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.
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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.
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