AP: Meet The Man Behind ChemChina’s Syngenta Conquest

Matthew J. Grassi Posted by Matthew J. Grassi|March 29, 2016
ChemChina General Manager Ren Jianxin (right). (Photo Credit - ChemChina.com.cn)

ChemChina General Manager Ren Jianxin (right). (Photo Credit – ChemChina.com.cn)

The tycoon who is offering $43 billion for Swiss agrochemicals giant Syngenta keeps a low profile, but is China’s most aggressive dealmaker, reports Joe McDonald, AP Business Writer, in a profile of the man behind ChemChina’s takeover of Syngenta on ABCNews.com.

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Ren Jianxin, chairman of state-owned ChemChina, is behind most of China’s big foreign acquisitions, from Italian tire brand Pirelli to Norwegian chemical supplier Elkem and KraussMaffei, a German industrial machinery maker.

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Since 2010, Ren has splashed out an eye-popping $63.9 billion on foreign assets, some 60% more than the No. 2 Chinese buyer, according to Dealogic, a financial data provider.

It is unusually ambitious, but Ren is an unusual figure — a private entrepreneur who built an empire by gobbling up more than 100 state-owned enterprises.

Head on over to ABCNews.com to read McDonald’s full profile on Ren Jianxin.

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Grassi is Field Editor for CropLife, CropLife IRON, and PrecisionAg magazines. He joined the staff in February 2012. See all author stories here.

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