November 10, 2016

Chem China nears purchase of Syngenta

An American national security panel has signed off on the $43 billion dollar purchase agreement of the Swiss-based farm chemicals and seeds company Syngenta, clearing the way for its acquisition by ChemChina.

The China National Chemicals Corporation, known as ChemChina, has bought out numerous chemical companies across Europe, the Middle East and Asia in recent years, in a rapidly consolidating global chemical marketplace.

The deal still needs to pass through anti-trust regulations in several countries before becoming official.