A group of Syngenta shareholders is criticizing recent news that the company’s board is considering merging with ChemChina.
“One is also entitled to ask whether the board of directors has really thought through the consequences of nationalizing Syngenta by selling it to a state-owned company controlled by a Communist country,” writes Folke Rauscher, managing director of the Alliance of Critical Syngenta Shareholders.
“Anyone living in an economy characterized by – and made successful by – underlying liberal values, will be critical of such a nationalization… For us long-term shareholders, a high enterprise value (or price) is important, but so are other strategic values that are vital for sustainable success.”
In a recent interview, Syngenta chairman Michel Demaré said that Syngenta was in talks about a possible merger with ChemChina, in addition to other options it was exploring. Syngenta has not officially commented on the matter.
Rauscher’s full commentary can be accessed here: http://www.critical-syngenta-shareholders.com/files/downloads/77a2309cf859f4e447486afb8f205ebc/der-tiefe-fall-einer-ikone_final_e.pdf
“Anyone living in an economy characterized by – and made successful by – underlying liberal values, will be critical of such a nationalization… For us long-term shareholders, a high enterprise value (or price) is important, but so are other strategic values that are vital for sustainable success.”
In a recent interview, Syngenta chairman Michel Demaré said that Syngenta was in talks about a possible merger with ChemChina, in addition to other options it was exploring. Syngenta has not officially commented on the matter.
Rauscher’s full commentary can be accessed here: http://www.critical-syngenta-shareholders.com/files/downloads/77a2309cf859f4e447486afb8f205ebc/der-tiefe-fall-einer-ikone_final_e.pdf
