Activists protest against Syngenta's environmental record on Monday
Keystone
Swiss activists from Greenpeace Basel and MultiWatch Basel have protested outside the general shareholders meeting of Basel-based agrochemical company Syngenta.
They were protesting against the take-over of Syngenta by chemicals giant ChemChina. The $43 billion (CHF41.5 billion) deal was announced last year.
According to MultiWatchExternal link, which exposes human rights violations of Swiss multinationals, “Syngenta’s pesticides have been linked to numerous health issues and severe environmental damages”.
On Tuesday, Chinese Prime Minister Li Keqiang extolling the benefits of globalisation during the World Economic Forum’s “Summer Davos” event in Dalian, China.
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In the wake of a Chinese takeover of Syngenta, a Swiss advocacy group raises concerns about Switzerland's regulatory role.
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Syngenta’s board voted unanimously to accept the offer, which will be finalised by the end of 2016. SyngentaExternal link said on Wednesday the move would allow it to make long-term investments in innovation. Syngenta’s current management will continue to lead the company. After the transaction is finalised, a board of directors composed of six members…
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