On 11 July, 2016, China National Chemical Corporation (ChemChina) announced on its website that it extended the acquisition time of Syngenta to 13 Sept., which is the second time that it had postponed it.
In June 2016, China CITIC Bank (CITIC) announced that the first
distribution targeted at China National Chemical Corporation (ChemChina)’s
acquisition of Switzerland based Syngenta, was successfully finished on 3 this
month. Accordingly, the total commitment was 120% of the syndicated loans.
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