ROME : Italy has prevented Chinese-owned group Syngenta from buying vegetable seed producer Verisem, government officials said, underscoring Prime Minister Mario Draghi's commitment to shield key assets from unwanted foreign bids.
Swiss-based group Syngenta was bought in 2017 for US$43 billion by ChemChina, which was folded into Sinochem Holdings Corp earlier this year. It offered around 200 million euros to buy Verisem, according to a third source. A spokesperson for the Syngenta group declined to comment on what he called"rumours and speculation". Verisem was not immediately available for comment.
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