ZURICH — State-owned China National Chemical Corporation said on Tuesday it was extending its $43bn agreed takeover for Swiss pesticide and seed giant Syngenta until November. The company, also known as ChemChina, said the offer for all Syngenta’s shares in what would be by far the biggest-ever overseas acquisition by a Chinese firm was now open until at least November 8. "As previously stated, extensions to the tender offers are expected to occur until all conditions to the offers are satisfied, including obtaining all applicable regulatory approvals," ChemChina said. The offer for Syngenta shares, announced in February, was extended in May and July, and was due to expire on September 13. "All other terms and conditions of the tender offers remain unchanged and ChemChina continues to expect to conclude the transaction by the end of the year," said ChemChina.READ THIS: African Bank buyback disappoints foreign investors
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