Syngenta wants to buy Sicit Group to expand its operations

The Swiss-based Syngenta and its Italian subsidiary company Valagro sent a proposal to the Board of Directors of the Sicit Group to acquire its entire authorized capital at €17.30 per share.

“We believe the combination of Syngenta, Valagro and Sicit Group has enormous potential for their shareholders, employees and customers,” press-release of Syngenta says.

Syngenta is one of the largest plant protection producer, Sicit Group is engaged in the production of biostimulants.