ChemChina seals Syngenta merger with EU approval
Top business and technology news for April 6, 2017. Part of the daily The China Projectย news roundup "Xi comes to Mar-a-Lago with โtweetable deliverables.โ"
This week, the EU approvedย the bid of China National Chemical Corporation (ChemChina) to buy Swiss agriculture chemical company Syngenta for $43 billion. The deal took more than a year to gain approval in the U.S. โ first from the Committee on Foreign Investment last August, and then from the United States Federal Trade Commission on Tuesday.ย The New York Timesย notesย (paywall)ย that the high-profile merger is one of three being negotiated in the global chemical agriculture business that may soon significantly impact the way seeds are developed and crops are harvested worldwide, and that ChemChinaโs acquisition of Syngenta is a step forward for China to secure the sustainability of its food supply.
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