GFM Network News



Syngenta’s headquarters in Basel, Switzerland. (Photo courtesy Syngenta)

ChemChina says Syngenta deal filing accepted by Beijing

Beijing | Reuters –– ChemChina said Monday that Beijing had accepted its application for regulatory approval of its US$43 billion takeover of Syngenta last month. Earlier Gao Hucheng, who retired as commerce minister less than two weeks ago, said the government had not received a formal filing for China’s largest overseas acquisition. Speaking to Reuters



(Syngenta.com)

Syngenta sees ChemChina deal closing in second quarter

Reuters — Swiss pesticides and seeds group Syngenta pushed back the expected closure of its agreed US$43 billion takeover by ChemChina to the second quarter of 2017, but said it was making progress in winning regulatory approval for the deal. The transaction is important for China, the world’s largest agricultural market, which is looking to

Syngenta’s Interaction Centre at Stein, Switzerland. (Syngenta.com)

EU said set to approve ChemChina bid for Syngenta

Brussels | Reuters — ChemChina is set to secure conditional EU antitrust approval for its US$43 billion bid for Swiss pesticides and seeds group Syngenta, two people familiar with the matter said on Thursday. The deal — the largest foreign acquisition by a Chinese company — is important for China, the world’s largest agricultural market,


(Syngenta.com)

ChemChina seeks U.S. antitrust approval for Syngenta deal

Beijing | Reuters –– China National Chemical Corp., or ChemChina, said Friday it has sought the U.S. antitrust regulator’s approval for its planned US$43 billion acquisition of Swiss crop protection and seed group Syngenta. “We have filed an HSR Act with the FTC after good communications with the case team. We believe the U.S. anti-trust


Syngenta’s Interaction Centre at Stein, Switzerland. (Syngenta.com)

Syngenta, ChemChina submit remedy proposals to EU

Hong Kong/Beijing | Reuters — China National Chemical Corp (ChemChina) and Swiss pesticides and seeds group Syngenta have proposed remedies to the European Union’s competition watchdog to address concerns over their US$43 billion merger agreement. The European Commission’s website showed “commitments” submitted on Monday, which typically means the parties have proposed remedies such as asset


(Syngenta.com)

EU regulators delay ChemChina/Syngenta decision

Brussels | Reuters — European Union antitrust regulators have extended the deadline for a decision on ChemChina’s proposed buy of Swiss pesticides and seeds group Syngenta by 10 working days, to April 12. Syngenta said in a statement the two companies had asked for the extension to allow “sufficient time for the discussion of remedy

U.S. Sen. Chuck Grassley, shown here in a video on his website in September discussing consolidation in the seed and ag chem sectors, has raised concerns that ChemChina, when or if it takes over Syngenta, might invoke sovereign immunity to block claims filed against it in U.S. courts. (Grassley.senate.gov)

Key U.S. senator remains wary of China’s Syngenta play

Beijing | Reuters — A powerful U.S. senator said he is concerned that state-owned ChemChina, which is buying Swiss crop protection and seed group Syngenta for $43 billion, could use U.S. sovereign immunity laws to shield itself from claims in U.S. courts. Some Chinese state-owned entities have argued that they have sovereign immunity and thus