Israeli crop protection company Adama Agricultural Solutions is to be sold by its Chinese owner ChemChina to a firm it controls. The new owner, Hubei Sanonda, is paying about 18.6 billion yuan ($2.8 billion) for Adama, which has 4% of the Chinese agrochemical market.

http://www.reuters.com/article/us-adama-m-a-sanonda-idUSKCN11J1Z3?rpc=401