ChemChina has revealed a new line of backers for its $44bn buyout of Swiss agribusiness group
Syngenta, with investors including Morgan Stanley and Bank of China buying a total of $20bn in perpetual bonds and preference shares in the deal.
The refinancing of the Syngenta acquisition comes as bankers in Asia say they are preparing for another merger: that of ChemChina and its rival Sinochem, in what is expected to become the world’s largest chemicals group sometime next year.
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