Syngenta Crop Protection AG and Valagro S.p.A. made an expression of interest and non-binding offer to acquire SICIT Group S.p.A. (BIT:SICT) from Intesa Holding S.p.a., Promosprint Holding S.r.l. and others for approximately €390 million on May 5, 2021. Under the terms of the transaction, Syngenta Crop Protection AG and Valagro SpA will acquire all the shares of SICIT Group S.p.A. at a price of €17.3 per share in cash. The transaction is subject to the approval of the Board of Directors of Syngenta Crop Protection AG, to the performance of a confirmatory due diligence on a selected set of information, to the access to the senior management of SICIT Group and to the visit to the facilities of SICIT Group. Any tender offer possibly launched could in any event be subject to additional conditions, particularly the obtainment of regulatory approvals. As of May 10, 2021, Intesa Holding S.p.A. rejected its bid. Syngenta Crop Protection AG and Valagro S.p.A. cancelled the acquisition of SICIT Group S.p.A. (BIT:SICT) from Intesa Holding S.p.a., Promosprint Holding S.r.l. and others on May 14, 2021. Syngenta Crop Protection and Valagro decided not to pursue their interest for SICIT Group and to abandon the intention to launch a voluntary tender offer over SICIT Group.