User:Викидим/Syngenta Group
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The Syngenta Group Co Ltd is a Chinese state-owned agricultural technology company.[1] Founded in 2020, it operates as a holding for four main businesses: Syngenta Plant Protection/Syngenta Seeds (collectively known as Syngenta), Syngenta Group China (originally the agricultural business of Sinochem), and Adama Agricultural Solutions. With revenues of 28 billion dollars (2021), the group held a 24% market share in the worldwide crop protection market, ahead of its main competitors Bayer (at 20%), BASF (12%), and Corteva (11%).[2] Its market share in seeds was 7%.[3]
As of 2022, the group was owned by the Agrochemical Company (99%) and McDonnell Agrochemical, both are owned by ChemChina, in turn owned by Sinochem, with the ultimate owner being the state of China.[2] The bulk of the revenues (66%) in 2020 was in plant protection, including chemical herbicides, fungicides, insecticides, and other pesticides. Seeds provided 15% of the revenue and fertilizers another 14%.[4] Geographically, revenues were spread among Latin America (24%), North America (19%), China (20%), the rest of Asia Pacific (12%).[5]
IPO
Since 2021, there have been reports about an IPO of the company.[6] In 2023, Syngenta Group has filed an application for a proposed initial public offering on the Shanghai Stock Exchange’s main board.[7][8] Due to Syngenta's parent company, ChemChina, being under US sanctions, US banks might not be able to participate in this IPO.[9]