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ChemChina offer for Syngenta to begin March 23 - prospectus

Reuters
Syngenta's logo is seen at Syngenta Biotech Center in Beijing, China, February 19, 2016. REUTERS/Kim Kyung-Hoon

ZURICH (Reuters) - ChemChina's $43 billion (30 billion pound) takeover offer for Swiss group Syngenta (SYNN.S) is set to commence on March 23 and run until May 23 if not extended, a prospectus published on Tuesday said.

China made its boldest overseas takeover move when state-owned ChemChina last month agreed a cash bid for the Swiss seeds and pesticides group with the aim of improving domestic food production.

Loans have been lined up to provide full financing for the offer, but all or part of the debt may be replaced by equity funds, the Swiss prospectus said.

(Reporting by Michael Shields; Editing by Miral Fahmy; Editing by David Goodman)