Mergers: Commission approves ChemChina acquisition of Syngenta, subject to conditions

The European Commission approved the the acquisition of Sygenta by ChemChina under the EU Merger Regulation.

The Commission, which opened an investigation in October 2016, conditioned the approval on the divestiture of relevant parts of ChemChina's European pesticide and plant growth regulator business.

The merger combined Syngenta of Switzerland, one of the main global seeds and crop protection companies, and ChemChina of China, a State-owned enterprise active in the agrochemical sector, which controls Adama, the largest supplier of manufacturing and/or distribution of off-patent formulated pesticides, plant growth regulators and products for lawn and gardens.

• Primary Source

European Commission: DG Communication: STATEMENT/17/888, 05.04.17: Statement by Commissioner Vestager on two merger decisions to prohibit HeidelbergCement and Schwenk's proposed takeover of Cemex Croatia's assets and to approve ChemChina's acquisition of Syngtena http://europa.eu/rapid/press-release_STATEMENT-17-888_en.htm

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