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Syngenta Group, the Swiss seeds and agrichemicals giant controlled by Chinese state-owned Sinochem, has confidentially filed for a Hong Kong initial public offering aiming to raise at least $5 billion, according to Bloomberg News and Reuters.

Michal Strnad, the 33-year-old Czech arms tycoon behind Czechoslovak Group, has acquired a 14% stake in Pirelli from China's Sinochem in a deal valued at approximately €987 million, reshaping the Italian tire maker's shareholder structure and easing years of political…