BASEL (dpa-AFX) - According to CEO Jeff Rowe, Syngenta will return to the stock market at some point. "When the time is right, we will submit a new application," he said in an interview with "NZZ am Sonntag." The group, which is owned by the Chinese state-owned company ChemChina, had planned to go public in Shanghai in 2024. However, the company withdrew its listing application at short notice.
However, according to the manager, there is no specific date for an IPO. "We are now focusing on further improving the business," said Rowe. When asked how high the margin would have to be for an IPO, he said: "We want to be at the very top of the industry."
Acquisitions are also a topic of interest for the CEO. However, he did not want to comment on whether he was interested in BASF's agricultural division, which is up for sale: "We see ourselves as a strong player in the market. I can't say any more than that."
One problem for Syngenta is that Trump has cut funding for administration. "It takes much longer for new products to be approved today," said the CEO. In countries such as Argentina and Brazil, approvals are granted more quickly. /rw/AWP/he
