ChemChina Wins EU, US Nods for Syngenta Takeover

by eggplant in BFI

China National Chemical Corp(ChemChina) won the European Union’s antitrust approval for its USD43 billion takeover of Swiss pesticide maker Syngenta AG, a day after the US gave its blessing, bringing China’s largest foreign acquisition closer to the finish line. ChemChina’s offer to divest some pesticides and other agricultural products will remove “problematic overlaps” and allow EU regulators to clear the deal, the European Commission said in an emailed statement. The takeover, announced a year ago, is one of a trio of megadeals that would reshape the global agrochemicals industry. If the deal is completed, ChemChina Chairman RenJianxin would become the head of a chemicals giant that sells products as varied as rubber tires, pesticides and genetically modified crop seeds.

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Your Swiss Business Platform in China

SwissCham China has roughly 600 company members. Our Chamber maintains a strong relationship with the Embassy of Switzerland, Switzerland Global Enterprise, Swissnex and Switzerland Tourism. As the representative of the Swiss companies established in China, our goal is to help you to increase your business and visibility, especially amongst the Sino-Swiss business community.

Become A Member

Sign Up For Our Newsletter

  • This field is for validation purposes and should be left unchanged.
July 28, 2022
Published By nestle.com in Hospitality / Tourism / Retail
July 27, 2022
Published By reuters.com in Bank / Finance / Insurance
July 13, 2022
Published By swissinfo.ch in Legal / Tax / Consulting / Services
July 13, 2022
Published By mumnet.com in Hospitality / Tourism / Retail