On 5 April 2017, the Commission announced that it has conditionally approved ChemChina's acquisition of Syngenta. The decision follows an in-depth review of the proposed acquisition. Syngenta is the leading pesticide supplier globally and ChemChina is active on pesticide markets in Europe through its subsidiary Adama.
The Commission had concerns that the acquisition would have reduced competition in a number of existing markets for pesticides as well as for plant growth regulators. In order to address these concerns the parties offered commitments, consisting on the divestment of significant parts of Adama's existing pesticide business as well as some parts of its generic pesticides under development, some of Syngenta's pesticides, a significant part of Adama's plant growth regulator business for cereals and all relevant intangible assets underpinning the divested pesticide and plant growth regulator products. The Commission found that the offered commitments addressed its concerns and approved the acquisition.
Source: Commission Press Release 05/04/2017