Could ChemChina-Sinochem Merger Face Heightened Antitrust Scrutiny?

Over the weekend, Syngenta Media Relations sent out a press release announcing that Chen Lichtenstein, current President/CEO of ADAMA, will become the new CFO of Syngenta. One part of this notice, writes Eric Sfiligoj at CropLife, included this sentence: “ChemChina and Sinochem announced that they are consolidating their agricultural assets into a new holding company that will be called Syngenta Group.”

And with that, the long-rumored merger of two of China’s largest crop protection/seed/fertilizer companies has become a reality. According to observers, the new business entity will have sales of more than $100 billion and be listed on the Chinese technology-focused STAR market by mid-year.

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For those in the agricultural market, this combination of ChemChina and Sinochem probably comes as no surprise. Indeed, back in summer 2018, many people were already speculating such a deal was in the works as Sinochem executives began populating the ChemChina board of directors (although both companies denied that this was the case at the time).

Continue reading at CropLife.