EU delays ChemChinas 43 billion acquisition by Syngenta

The EU's competition authorities have pushed to a detailed examination of the intent to purchase the State Chinese chemical company ChemChina Swiss seed and crop protection company Syngenta on Friday. With a bid in the amount of us $ 43 billion, that would be the largest ever foreign investment in China.
Syngenta - see chart stock prices fall due to possible delays of a permit.
The EU Commission suggested that the merger of corporations undermines competition. ChemChina operated by his daughter Adama agricultural solutions to part of the same business fields such as Syngenta, that focus is the manufacture and sales of herbicides, fungicides and growth regulators. That could lead to higher subscription costs for farmers, Margarethe Vestager, EU Commissioner for competition.
The decision on the merger will probably take longer than usual, because there was a flood of applications for merger last and the oversight that is apparently overwhelmed.
ChemChina had already submitted his request in September and immediately signaled that it was prepared to divest parts of Adama to unscramble the critical overlapping business areas. The company would be ready even further concessions.

Please describe your request so that we can prepare for the callback.
Yes, I have read the Privacy Policy note and I consent that the data provided by me, including the contact data, for the processing of the inquiry and in case of questions are electronically collected and stored. My data will only be used strictly for my request and will not be passed without my consent. This consent can be revoked any time with effect for the future.'
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Register now

Jetzt registrieren und ZMP Live+ 14 Tage kostenlos testen!
  • Dauerhaft kostenfrei
  • Keine Zahlungsinformationen erforderlich