GFM Network News


Canada’s competition watchdog clears Syngenta takeover

Canada’s farmers aren’t likely to see less competition for their crop chemical dollars if the owner of Adama Canada buys Syngenta, the Canadian antitrust watchdog has ruled. The Competition Bureau on Tuesday issued a “no action” letter for the takeover of Syngenta by China National Chemical Corp. (ChemChina), saying the deal is “unlikely to result […] Read more



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, […] Read more

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 […] Read more



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 […] Read more


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 […] Read more

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 […] Read more


EU probe to hold up ChemChina’s acquisition of Syngenta

Brussels | Reuters — European Union antitrust regulators on Friday opened an in-depth investigation into state-owned Chinese chemicals group ChemChina’s US$43 billion bid for Swiss pesticides and seeds group Syngenta, China’s biggest-ever foreign acquisition. Syngenta’s shares plunged over nine per cent on Monday after the European Commission said the companies had not allayed its concerns […] Read more

ChemChina reported ready for concessions to clinch Syngenta deal

Beijing/Zurich | Reuters — State-owned Chinese chemicals group ChemChina is ready to offer more concessions to win European Union antitrust approval for its US$43 billion bid for Swiss pesticide and seed group Syngenta, a source with direct knowledge of the process said. Clinching China’s biggest-ever foreign acquisition is taking longer than planned amid a flurry […] Read more