Chinese Authority Approves ChemChina-Syngenta Deal

Dan Industry News Release

chemchina syngenta biotechThe ChemChina takeover of Syngenta continues to march through the approval process this month as China has now green-lighted the deal. The acquisition received approval from the Ministry of Commerce of the People’s Republic of China, according to Syngenta. The approval from China follows approval from Mexico earlier this week, and approval with conditions by the European Union and the United States last week. The $43 billion takeover of Syngenta by the state-owned Company, ChemChina, was announced in February of last year. It’s expected to close by July of this year. The acquisition still needs approval from India. The acquisition is one of three major mergers in the crop protection and seed industry, which includes the Bayer-Monsanto and Dow-DuPont merger agreements.

From the National Association of Farm Broadcasting news service.

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