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Syngenta AG (SYT)

SYT on New York Consolidated

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17 Feb 2017
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Latest Key Developments (Source: Significant Developments)

Syngenta AG - France moves towards full ban on pesticides blamed for bee losses - Reuters News
Friday, 18 Mar 2016 04:16am EDT 

Syngenta AG:French lawmakers approved plans for a total ban on some widely used pesticides blamed for harming bees, going beyond European Union restrictions in a fierce debate that has pitched farmers and chemical firms against beekeepers and green groups. - RTRS.The EU limited the use of neonicotinoid chemicals, produced by companies including Bayer CropScience and Syngenta, two years ago after research pointed to risks for bees, which play a crucial role pollinating crops.Crop chemical makers say the research blaming neonicotinoid pesticides is not backed up by field evidence and a global plunge in bee numbers in recent years is a complex phenomenon due to multiple factors.The French outright ban on neonicotinoid pesticides was adopted by a narrow majority late on Thursday by France's National Assembly as part of a draft bill on biodiversity that also contains an additional tax on palm oil.The measure, however, would not come into effect until Sept. 1, 2018, later than the January 2017 deadline previously proposed by some lawmakers.The ban also needs to be approved by the French Senate, which rejected it in a previous reading, before a final vote in the National Assembly which is expected in the middle of the year.  Full Article

Break fee for Syngenta reduced in ChemChina deal -prospectus - Reuters
Tuesday, 8 Mar 2016 08:18am EST 

Syngenta AG:ChemChina offer for Syngenta set for launch on March 23 and run until May 23 if not extended - Reuters.Break fee should Syngenta back out cut to $848 million from the $1.5 billion first envisaged.$3 billion break fee that ChemChina would pay should the deal not go through remained unchanged.  Full Article

Syngenta AG - Labour union demands job guarantees Swiss workers at Syngenta - Reuters
Tuesday, 2 Feb 2016 09:30pm EST 

Syngenta AG:Unia labour union says demands job guarantees for workers at Syngenta in Switzerland after ChemChina takeover agreed - RTRS.  Full Article

Syngenta to propose dividend maintained at 11.00 Sfr per share
Tuesday, 2 Feb 2016 07:00pm EST 

Syngenta AG:Proposed dividend maintained at 11.00 Swiss francs per share.  Full Article

Syngenta AG gets EU approval for Solatenol fungicide‍
Thursday, 7 Jan 2016 07:00pm EST 

Syngenta AG:EU approval for Solatenol fungicide.Expected first sales in France for 2016/2017 season.Total peak sales potential in Europe of $200 million​​.  Full Article

Syngenta AG - Widely used pesticide can harm bees in some cases -EPA - Reuters
Wednesday, 6 Jan 2016 05:28pm EST 

Syngenta AG:An insecticide widely used on cotton plants and citrus groves can harm bees that come into contact with those crops under certain conditions, the U.S. Environmental Protection Agency said on Wednesday. - RTRS.The agency said a preliminary risk assessment of imidacloprid, a neonicotinoid insecticide chemically similar to nicotine, found that chemical residues of more than 25 parts per billion would likely harm bees and their hives and result in the bees producing less honey - RTRS.The EPA, which collaborated with California's Department of Pesticide Regulation, said data showed imidacloprid residues in pollen and nectar above that threshold level in citrus and cotton crops - RTRS.But residues found on corn and leafy vegetables were below at-risk levels, the agency said. Some crops needed more testing. - RTRS.The federal agency is expected to finalize a broader assessment of risks the chemical may pose to pollinators by the end of the year - RTRS.On Wednesday, the Center for Food Safety and a coalition of farmers and agriculture groups filed a lawsuit against the EPA, accusing it of failed oversight over millions of pounds of neonic-coated seeds sold and planted. - RTRS.Bayer CropScience, Syngenta AG and other firms that produce or sell neonic products have said mite infestations and other factors are to blame for bee deaths. - RTRS.  Full Article

Syngenta AG says CEO Mike Mack steps down
Wednesday, 21 Oct 2015 01:00am EDT 

Syngenta AG:Says Mike Mack has informed the board of his intention to step down as Chief Executive Officer.John Ramsay, Chief Financial Officer, is appointed CEO and interim until the appointment of a new Chief Executive.  Full Article

Syngenta announces corn traits licensing agreement
Thursday, 15 Oct 2015 01:01am EDT 

Syngenta AG:Announces expansion of its licensing collaboration with KWS and Limagrain and their joint ventures AgReliant and Genective.New agreement is for 20 years and covers the AgReliant business in North America and the individual operations of the two companies outside North America.Under the terms of the agreement, Syngenta will provide worldwide rights to its current and future GM corn traits portfolio.Will receive a $200 million upfront payment and future royalty and milestone payments, dependent upon regulatory approvals.  Full Article

Syngenta comments on FY 2015 guidance
Thursday, 15 Oct 2015 01:00am EDT 

Syngenta AG:For the full year 2015, at constant exchange rates, expects sales to be around last year’s level and EBITDA to show a double digit increase.FY 2015 reported sales continue to be affected by the strength of the dollar, and reported EBITDA is likely to show a mid-single digit decline.  Full Article

Syngenta AG - France bolsters ban on genetically modified crops - Reuters
Wednesday, 16 Sep 2015 08:00pm EDT 

Syngenta AG:France is to use a new European opt-out scheme to ensure a ban on the cultivation of genetically modified crops in the country remains in place, it said on Thursday - Reuters.The European Union's largest grain grower and exporter has asked the European Commission for France to be excluded from some GM maize crop cultivation under the new scheme, the farm and environment ministries said in a joint statement - Reuters.Widely grown in the Americas and Asia, GM crops have divided opinion in Europe. France had already banned cultivation of U.S. group Monsanto's maize, saying it had serious doubts that it is safe for the environment - Reuters.Monsanto says its maize (corn) is harmless to humans and wildlife - Reuters.The French request concerns nine GM maize strains. Producers also include Switzerland's Syngenta , a spokesman for the environment ministry said - Reuters.The European Commission is responsible for approvals, but under the new rules requests for opt-outs also have to be submitted to the company making the application - Reuters.  Full Article

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Syngenta: U.S. regulators' new request won't delay ChemChina deal

ZURICH Syngenta has got another request for information from U.S. anti-trust regulators reviewing a proposed $43 billion takeover by ChemChina [CNNCC.UL] but still sees the deal being completed in the second quarter, it said on Tuesday.