ChemChina Extends Deadline for US$ 43 bln Takeover of Agri-giant Syngenta

(Beijing) – China National Chemical Corp., the country's largest producer of pesticides by output, said it has extended its US$ 43 billion agreed takeover of Swiss agrochemicals giant Syngenta AG until September 13, as it waits for regulatory approvals.

It is the second time the Chinese company extended the deadline to fully acquire the pesticide and seed giant headquartered in Basel. Its offer for Syngenta shares, announced in February, was extended in May as it was unable to secure the green light from regulators, and was due to expire on July 18.