Syngenta Sells its Material Protection Business to Lanxess
Syngenta Crop Protection AG has signed an agreement to divest its Materials Protection business to Lanxess Deutschland GmbH. Under the terms of the agreement, Lanxess purchases intellectual property, registrations and regulatory data specific to materials protection. The transaction is expected to close in April 2011.
Bär & Karrer acts as legal advisor to Syngenta for the transaction. The Bär & Karrer team includes Christoph Neeracher (M&A), Markus Wang (IP), Mani Reinert (Merger Control), Luca Jagmetti, Philippe Seiler and Alexander Blaeser (all M&A).