The Rising Influence of Rising Affluence

[DewDiligence]

No wonder they outbid MON (and I’m glad they did):

http://www.wsj.com/articles/chemchina-finds-banks-eager-to-loan-billions-for-syngenta-deal-1456650286

China National Chemical Corp. is asking bankers for more than $30 billion worth of loans to fund its $43 billion acquisition of Swiss pesticide and seed company Syngenta AG .

The Chinese state-owned firm, known as ChemChina, is reaching out to a clutch of global and Chinese banks for a lending package set to be completed by April, according to people familiar with the situation. It is also tapping a consortium of Chinese sovereign funds to buy stakes in the deal.

…ChemChina is also planning a future initial public offering of the Syngenta business, and has kicked off discussions with investment bankers in Hong Kong on the planned deal.