Inspectioneering
News

Australian Regulator Will Not Block ChemChina's $43B Bid to Acquire Syngenta

Reuters, December 8, 2016
Reuters

Australia's competition regulator said on Thursday it will not oppose state-owned Chinese chemicals group ChemChina's proposed $43 billion acquisition of Swiss seeds group Syngenta. The deal would be China's biggest ever foreign acquisition and is also facing scrutiny from European antitrust regulators.

Australia's Competition and Consumer Commission (ACCC) said it examined the deal because ChemChina owns a subsidiary that competes with Syngenta in Australia. It found the proposed deal would not damage competition in the sector, as the combined entity would still compete with businesses such as Bayer, BASF, Monsanto and DuPont. "Very few customers raised competition concerns," ACCC chairman Rod Sims said in a statement.

Visit http://www.reuters.com/article/syngenta-ag-ma-chemchina-australia-idUSS9N1DE01T to read the full article.

 

(Reporting by Tom Westbrook; Editing by Chris Reese)

Copyright 2018 Thomson Reuters. Click for restrictions.

Comments and Discussion

There are no comments yet.

Add a Comment

Please log in or register to participate in comments and discussions.


Inspectioneering Journal

Explore over 20 years of articles written by our team of subject matter experts.

Company Directory

Find relevant products, services, and technologies.

Job Postings

Discover job opportunities that match your skillset.

Case Studies

Learn from the experience of others in the industry.

Event Calendar

Find upcoming conferences, training sessions, online events, and more.

Industry News

Stay up-to-date with the latest inspection and asset integrity management news.

Blog

Read short articles and insights authored by industry experts.

Acronyms

Commonly used asset integrity management and inspection acronyms.

Asset Intelligence Reports

Download brief primers on various asset integrity management topics.

Videos

Watch educational and informative videos directly related to your profession.

Expert Interviews

Inspectioneering's archive of interviews with industry subject matter experts.