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Syngenta-ChemChina Merger Gets Green Light from US and EU Officials

MarketWatch, April 5, 2017

ChemChina and Syngenta today announced that they have received approval from the US Federal Trade Commission (FTC) and the European Commission for the proposed acquisition of Syngenta by ChemChina. This represents a major step towards the closing of the $43 billion transaction, which is expected to take place in the second quarter of 2017. U.S. antitrust officials gave their approval under the condition that ChemChina sell three crop chemical businesses to a rival.  The approval advances a wave of multibillion-dollar deals set to reshape the $100 billion global business in crop seeds and pesticides, at a time when farmers and the companies supplying them are struggling against low crop prices.

 

 

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