Syngenta AG (SYNN.EB) on Monday said that it has agreed a deal to acquire Nidera Seeds from COFCO International Ltd.
The terms of the binding agreement were not disclosed.
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"This agreement is an important step of our strategy to focus on our major businesses," COFCO International's Chief Executive Johnny Chi said in a press release. "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," he said.
Completion of the deal is subject to clearance by authorities, Syngenta said.
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(END) Dow Jones Newswires
November 06, 2017 01:51 ET (06:51 GMT)