COFCO International to divest seeds business

COFCO International to divest seeds business

GENEVA, Switzerland – COFCO International has entered into an agreement to sell its Nidera Seeds business to Syngenta.

“This agreement is an important step of our strategy to focus on our major businesses," said Johnny Chi, Chief Executive Officer of COFCO International. "Syngenta is well placed to provide Nidera Seeds a strong platform for further long-term growth, creating best value for its customers, farmers and employees.”

Completion of the transaction is subject to clearance by the relevant merger-control authorities.

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About COFCO International 
COFCO International is the overseas investment and asset management platform for the agribusinesses of COFCO Group.  With its upstream origination and trading operations linked to the downstream processing and distribution capabilities of COFCO and its affiliates in China, COFCO International creates a fully integrated value chain, consistent with COFCO’s strategy.