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Breakingviews - Syngenta's weakening crops may dim IPO prospects
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Syngenta's earnings hit comes at an unfortunate time. The Chinese-owned pesticides-to-seeds maker, once listed in Zurich, is preparing a stock market comeback in Shanghai this year, hoping to fetch a valuation as high as $60 billion. Yet a 25% fall in fourth-quarter EBITDA may dim owner ChemChina's hope for a bumper valuation.
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