Feb 02, 2024 06:47 AM

BUSINESS

Syngenta Has ‘No Timeline’ for IPO But Deal Will Take Place, CEO Says

By Luo Guoping and Han Wei

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Syngenta has been working on the share sale since at least 2019

Syngenta has been working on the share sale since at least 2019

Syngenta Group Co. Ltd. has no predictable timeline for an initial public offering, although the deal will eventually take place, Chief Executive Officer Jeff Rowe said Thursday.

The comment adds more uncertainty to the agrochemical giant’s long-awaited $9 billion flotation. A company spokesman in November said an IPO was delayed until the end of 2024 due to weak market conditions.

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