![ChemChina-Syngenta Deal Delayed](http://townsquare.media/site/672/files/2016/06/LOGO_AM_Ag-News-B_600x420.jpg?w=980&q=75)
ChemChina-Syngenta Deal Delayed
ChemChina and Syngenta were issued an extension by European Union antitrust regulators to comply with the regulator's request. The EU has extended the deadline for a decision on ChemChina's proposed buy of Swiss group Syngenta by ten working days to April 12th, according to Reuters. Syngenta said in a statement the two companies had asked for the extension to allow "sufficient time for the discussion of remedy proposals".
The European Commission opened the investigation into state-owned ChemChina's $43 billion bid in October, saying the companies had not alleviated concerns over the deal. Syngenta said in a statement the two companies remain “fully committed” to the transaction and are “confident of its closure.”
Source; NAFB News
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