Adama makes progress towards merger with rival Sanonda

Different division: ChemChina is in the process of acquiring Swiss pesticides and seeds maker Syngenta for US43bil but its business is expected to be run separately from Adama. – AFP

JERUSALEM: Adama Agricultural Solutions said a possible merger with smaller Chinese rival Sanonda, first announced last year, could be completed in the first half of 2017.

Sanonda is a subsidiary of China National Chemical Corp (ChemChina), which also owns 60% of Adama and may also buy the remaining 40% of the Israeli company, which is the world’s biggest producer of generic crop protection products.