China’s Purchase of Sygenta Approved by U.S. and EU

Regulators in both the U.S. and European Union have tentatively approved the purchase of Swiss-owned Syngenta AG by a Chinese conglomerate if it “sells some businesses to satisfy anti-monopoly objections.” According to a report by CNBC, ChemChina and Syngenta have “agreed to sell businesses that make an herbicide, a pesticide and a fungicide for which …their combined large market shares would cause ‘significant competitive harm.’”