Syngenta AG chief executive Erik Fyrwald sees the imminent $43 billion Chinese takeover of the Swiss company as a timely moment to gain a powerful benefactor just as a host of antitrust reviews triggers an abundance of acquisition opportunities.
The next few years will see billions of dollars of potential deals in the agrochemical and seed industries, and Fyrwald said he’s interested in looking at assets that could come to market as part of a planned tie-up between Bayer and Monsanto.
“The majors will have consolidated, so I think in the future there’ll be more bolt-on-type deals of smaller companies that fill gaps where there are fewer overlaps and competitive concerns,” he said in an interview in Brussels on Monday. China National Chemical Corp. is in the final stages of acquiring Syngenta.
Mergers and acquisitions are reshaping the agrochemical and genetically-modified seeds industry, with Dow Chemical Co.’s planned merger with DuPont Co. on Monday getting the go-ahead from European regulators in return for asset sales. Bayer plans to take over Monsanto, and Syngenta said it’s particularly interested in any seeds assets that the German company may have to sell, Fyrwald said.
Read more: Bloomberg