Davos, Switzerland | Reuters –– Syngenta, the Swiss pesticides and seeds group being taken over by ChemChina, does not expect antitrust regulators to force the Chinese state-owned company to put its subsidiary Adama up for sale, Syngenta’s CEO said on Tuesday. “Adama will not need to be sold. There will be some remedies in both […] Read more
Syngenta sees no sale of ChemChina’s Adama to smooth merger
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
Fungicide cleared to curb verticillium wilt in potatoes
A label expansion for Syngenta’s Aprovia fungicide, to cover additional soil-borne potato diseases, makes it the first fungicide in Canada approved to suppress verticillium wilt in potatoes. Fumigants have been potato growers’ only option against the crop disease until now, Eric Phillips, Syngenta Canada’s fungicides and insecticides product lead, said in a release Thursday. Verticillium […] 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
Syngenta, DuPont patent new herbicide chemistry class
The crop chemical arms of DuPont and Syngenta are working together on a new class of herbicide chemistry they’ve jointly patented and taken to the “pre-development” stage. DuPont Crop Protection and Syngenta announced Monday they’ve published a joint patent, titled “Substituted cyclic amides and their use as herbicides,” and expect to launch herbicides based on […] 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
Syngenta slumps after EU watchdog sparks ChemChina deal doubts
Brussels/Zurich | Reuters — Syngenta shares fell more than nine per cent on Monday after the European Commission triggered doubts about Chinese state-owned chemical company ChemChina’s US$43 billion bid for the Swiss pesticides and seeds group. The companies met with the EU antitrust authority a week ago in a bid to allay competition concerns about […] Read more
ChemChina, Syngenta ready to offer EU remedies over merger
Florence | Reuters — Chinese state-owned chemical company ChemChina and Swiss pesticides and seeds group Syngenta are prepared to offer concessions to EU antitrust regulators to ease concerns over their US$43 billion deal, a person familiar with the matter said Friday. The companies will meet European Commission officials on Monday in a meeting called by […] Read more
Cyber-Savvy Farmer
