ChemChina Reportedly Needs to Raise at Least $5 Billion to Buy Syngenta

China National Chemical (ChemChina) is setting up a fund that will aim to raise $5 billion to help finance its purchase of Swiss seeds group Syngenta syt , two sources with direct knowledge of the matter told Thomson Reuters publication Basis Point.

The financing structure entails investors committing to the fund, which would in turn own equity in Syngenta, the people said – a move that would help the state-owned firm lower the debt burden of its...

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