By Marc Bisbal Arias

Syngenta AG (SYNN.EB) on Monday said that it has agreed a deal to acquire Nidera Seeds from COFCO International Ltd.

The terms of the binding agreement were not disclosed.

"This agreement is an important step of our strategy to focus on our major businesses," COFCO International's Chief Executive Johnny Chi said in a press release. "Syngenta is well placed to provide Nidera Seeds a strong platform for further long-term growth, creating best value for its customers, farmers and employees," he said.

Completion of the deal is subject to clearance by authorities, Syngenta said.

Write to Marc Bisbal Arias at marc.bisbalarias@dowjones.com

(END) Dow Jones Newswires

November 06, 2017 01:51 ET (06:51 GMT)

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