ChemChina Acquisition of Syngenta Approved by US and EU

Kelly MarshallAgribusiness, Syngenta

Both the European Union and the United States approved the acquisition of Syngenta by ChemChina last week, and today it was announced that Mexico has also approved the deal.

The U.S. Federal Trade Commission (FTC) granted approval for the deal pending the divestment of three types of pesticides from ChemChina’s subsidiary, ADAMA, because Syngenta is a supplier of the same products. ChemChina has agreed to sell all rights and assets of ADAMA’s U.S. paraquat, abamectin and chlorothalonil crop protection businesses to AMVAC of California.

The approvals mark major milestones in the process of closing the transition which is expected now to take place in the second quarter of 2017.