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ChemChina, Syngenta submit new proposals to EU antitrust watchdog

Staff Writer |
China National Chemical Corp. (ChemChina) and Swiss group Syngenta have proposed remedies to the European Union's competition watchdog to address concerns over their $43 billion merger agreement.

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The European Commission's website showed commitments submitted on January 9, which typically means the parties have proposed remedies. It did not elaborate on the nature of the pair's commitments.

The Commission began investigating ChemChina's takeover of Syngenta in October, saying they had not allayed concerns about potentially unfair competitive advantages.

The deal has already been approved by regulators in several markets, including by a U.S. national security panel and Australia's competition watchdog.

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