On March 29, 2007 Syngenta announced the purchase of the Fischer Group headquartered in Hillscheid, Germany. The deal is expected to be completed by the second quarter of 2007. It has yet to be approved by the supervisory authorities. The deal is worth USD 67 millions.
Syngenta is a leading global agribusiness with a workforce of more than 19,000 in over 90 countries around the world. Fischer distributes flowers and ornamental plants and specialises in plant breeding and marketing. Fischer is therefore an ideal complement to Syngenta’s portfolio.
Syngenta was advised on this acquisition by a team of Gleiss Lutz lawyers comprising partners Dr. Wolfgang Bosch and Dr. Alexander Schwarz (both Corporate/M&A, Antitrust, Frankfurt), Simon Hirsbrunner (Antitrust, Brussels), Dr. Birgit Colbus (Antitrust, Frankfurt), Dr. Matthias Sonntag, Dr. Lutz Aye and Jan Bolt (all IP, Stuttgart)and Dr. Bettina Bubach (Labour and Employment, Frankfurt).
Syngenta also received support from Herbert Smith's Paris office: Philippe Trosset (partner)and Marjoleine Arentsen and Nicolas Mavel.
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