| BRUSSELS, March 23
BRUSSELS, March 23 EU antitrust regulators are
set to clear the $130 billion Dow Chemical and DuPont
merger and ChemChina's $43 billion bid for
Syngenta next week, people familiar with the matter
said on Thursday.
The European Commission could announce its approvals for
both companies at the same time either on Monday or Tuesday, the
It is rare for the Commission to announce joint merger
decisions but it probably makes sense in this case as both
companies are in the agrochemicals sector, the sources said.
Both mega deals in the agrochemicals industry and another
one involving Bayer and Monsanto have
triggered fears among regulators and farmers that the merged
companies may slow down the pipeline of new herbicides and
Commission spokesman Ricardo Cardoso declined to comment.
Dow did not immediately respond to an email for comment. A
Syngenta spokesman said the Swiss company and ChemChina were
confident of closing the deal in the second quarter of the year.
The EU antitrust enforcer has set an April 4 deadline for
the Dow and DuPont deal, and April 12 for the ChemChina and
U.S. chemical companies Dow and DuPont managed to address EU
competition concerns with a revised package of concessions which
included asset sales and transfer of research and development
activities to a rival, sources told Reuters last month.
ChemChina, which is making the largest foreign acquisition
by a Chinese company, won over regulators with its pledge to
divest a couple of national product registrations, including
existing products and a few in the pipeline, in more than a
dozen EU countries, other sources have told Reuters.
(Additional reporting by Michael Shields in Zurich, editing by