It was learned from China National Chemical Corporation that its wholly-owned subsidiary, China National Chemical and Agrochemical Corporation, acquired a 60% stake in Maxim Agan, Israel, and completed the settlement on October 17. With a total investment of 2.4 billion U.S. dollars, the project is the largest investment cooperation project between China and Israel. Of this, US$1.44 billion was used to acquire 60% of Maxim Agan’s shares, including 53% of all publicly held shares and 7% of the shares held by the former controlling shareholder Kool Industries Group; The Group provides a 7-year non-recourse lump-sum repayment loan secured by the remaining 40% of the shares of Maxim Agan held by the Kurt Group. The Kurt Group can use cash or Maxim Agan’s The shares repaid the loan. After the acquisition was completed, the company’s headquarters remained in Israel and all of the original management remained. The largest shareholder of the original MAI, Israel IDB/Kool Group, retains 40% of the shares. Graphite Plate for Vacuum Pumps,Carbon Vanes for Vacuum Pump,Vacuum Pump Carbon Sheet Dongguan Beqile Mechanical&Electrical Equipment CO.,LTD , https://www.betemvacuum.com
Established in 1997, Maxim Agan was formed from the merger of Maxim (founded in 1952) and Forrest Gump (founded in 1945) and is a world leader in the production and distribution of pesticides. Products include herbicides, insecticides, bactericides and plant growth regulators. It can produce more than 120 varieties of original drugs, more than 800 preparations, and nearly 5,000 product registrations and more than 6000 in 120 countries around the world. Trademarks. In 2010, sales revenue reached $2.362 billion.
The relevant agreement for the acquisition was signed on January 8, 2011. It was approved by the Chinese and Israeli governments and related agencies and passed the antitrust review of the United States, Brazil, and the European Union. China Exim Bank, Bank of China and China Construction Bank provide financing and international payment services for the project. By the United States Gao Shi, PricewaterhouseCoopers, the United States Sheng Xin Law Firm, Israel GKH Law Firm, ERM Environmental Resources Management Group, McKinsey and Company as intermediary consultants.
The general manager of China National Chemical Industry Co., Ltd. stated that Maxim Agan’s leading technology, well-established marketing network, excellent management team and staff team established in the field of agrochemicals will all bring positive synergies for enterprise consolidation. â€
China National Chemical Corporation is a Fortune 500 company and the largest chemical company in China. China National Chemical Industry Corporation is responsible for the operation of the agrochemical business segment of China National Chemical Corporation. It is the largest agrochemical company in China. After the completion of the acquisition, China Chemical will become the world's sixth-largest pesticide manufacturer, and it will be significantly improved in R&D, production, sales, global operations and management capabilities.