Basel,
Switzerland
February 2, 2007
Syngenta announced
today that it has signed an agreement to divest major parts
of its Rosental site in Basel to Midus Properties and
Premier Properties, two Gibraltar-based real estate
companies backed by a group of private investors. The site
is jointly held with Ciba Specialty Chemicals, who is also
divesting its share to the same acquirer. The Syngenta
proceeds from this transaction are approximately CHF 175
million.
Since the creation of
Syngenta, a substantial part of the site has been let to
third party tenants. Today, the site hosts more than 30
companies and academic institutions mainly active in the
life sciences industry. The Company will retain
approximately one-third of the site for Syngenta’s global
headquarters as well as the headquarters of its European
Crop Protection business.
Christoph Mäder, Syngenta
Executive Committee member, said: "The Rosental site is an
attractive environment for companies and academic research
institutes in the life sciences field. We decided jointly
with Ciba to divest major parts of the site to a new owner
for further development. Managing real estate is not
Syngenta’s core business."
Syngenta is a world-leading agribusiness committed to
sustainable agriculture through innovative research and
technology. The company is a leader in crop protection, and
ranks third in the high-value commercial seeds market. Sales
in 2005 were approximately $8.1 billion. Syngenta employs
more than 19,000 people in over 90 countries. Syngenta is
listed on the Swiss stock exchange (SYNN) and in New York
(SYT). Further information is available at
www.syngenta.com.