Agrochemical Group wants to stay as a tenant

Basel-Stadt buys up Syngenta Kleinbasler plant area

Syngenta is selling its remaining factory premises in Basel to the canton of Basel-Stadt and its pension fund. The canton has been awarded the contract in a bidding process; the price is being kept secret. The agrochemical group wants to stay on as a tenant.

Syngenta has decided to divest land as it does elsewhere in the world, including its headquarters in Basel, the Basle-based management said on Tuesday. The Group intends to lease most of these properties for at least ten years through a sale-lease-back transaction.

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