31.
10.16
12:02

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.

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