China National Chemical Corporation, or known as ChemChina, announced on Thursday the completion of its 43 billion U.S. dollars acquisition of Syngenta AG, a leading pesticides and seeds supplier in Switzerland.

中国化工集团公司成功以430亿美元收购先正达集团——瑞士一家农药与种子供应商。

This is China's biggest overseas acquisition to date as well as one of several deals that have a significant impact on the industry.

After the acquisition, ChemChina owns 95 percent of the company, making ChemChina a world leader in agribusiness.

Headquartered in Basel, Syngenta has a history of 259 years.

It is the world's largest pesticide company, and the third largest seed supplier.

State-owned ChemChina has so far purchased nine companies in France, the UK, Germany, Italy and Israel.