Swiss-based seed and chemical giant Syngenta has announced it is in the process of divesting a number of its agrochemical product lines. This process was a requirement of the EU Commission’s ruling to approve ChemChina’s $43bn takeover of Syngenta.
Under the EU’s ruling announced in April this year, Syngenta is required to divest any products containing the active ingredients fluazifop (Fusilade) and fluazinam (Shirlan).
It is also required to sell some products in eastern Europe containing dicamba herbicide. Syngenta said it expects the sales to be completed by the end of 2017.
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The European Commission ruling also required Adama, a rival crop protection company to Syngenta but which is owned by ChemChina, to sell a number of its own product lines. The sale of these products is likely to have a significant negative impact on Adama’s business.
As a result, Syngenta has agreed to compensate Adama. This compensation will take the form of the transfer of some products in Syngenta’s portfolio to Adama.
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Swiss-based seed and chemical giant Syngenta has announced it is in the process of divesting a number of its agrochemical product lines. This process was a requirement of the EU Commission’s ruling to approve ChemChina’s $43bn takeover of Syngenta.
Under the EU’s ruling announced in April this year, Syngenta is required to divest any products containing the active ingredients fluazifop (Fusilade) and fluazinam (Shirlan).
It is also required to sell some products in eastern Europe containing dicamba herbicide. Syngenta said it expects the sales to be completed by the end of 2017.
The European Commission ruling also required Adama, a rival crop protection company to Syngenta but which is owned by ChemChina, to sell a number of its own product lines. The sale of these products is likely to have a significant negative impact on Adama’s business.
As a result, Syngenta has agreed to compensate Adama. This compensation will take the form of the transfer of some products in Syngenta’s portfolio to Adama.
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