EU delays ChemChina/Syngenta merger decision to March 29

November 17, 2016 5:56 AM EST

The logo of Swiss agrochemicals maker Syngenta is seen at its headquarters in Basel, Switzerland July 22, 2016. REUTERS/Arnd Wiegmann/File Photo


Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

BRUSSELS (Reuters) - The European Commission has pushed back its deadline for a decision on ChemChina's plan to acquire Swiss pesticides and seeds group Syngenta by 10 working days to March 29.

The Commission, which handles competition cases for the European Union, said on Thursday it had extended the deadline at the request of the parties.

EU antitrust regulators opened an in-depth investigation into state-owned ChemChina's $43 billion bid in October, saying the companies had not allayed concerns over the deal.

(Reporting By Philip Blenkinsop; editing by Robert-Jan Bartunek)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Reuters

Related Entities

Definitive Agreement

Add Your Comment