Advertisement
Singapore markets closed

  • Straits Times Index

    3,290.70
    +24.75 (+0.76%)
     

  • Nikkei

    38,229.11
    +155.13 (+0.41%)
     

  • Hang Seng

    18,963.68
    +425.87 (+2.30%)
     

  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     

  • Bitcoin USD

    60,897.19
    -1,900.51 (-3.03%)
     

  • CMC Crypto 200

    1,264.18
    -93.83 (-6.91%)
     

  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     

  • Dow

    39,512.84
    +125.08 (+0.32%)
     

  • Nasdaq

    16,340.87
    -5.40 (-0.03%)
     

  • Gold

    2,366.90
    +26.60 (+1.14%)
     

  • Crude Oil

    78.20
    -1.06 (-1.34%)
     

  • 10-Yr Bond

    4.5040
    +0.0550 (+1.24%)
     

  • FTSE Bursa Malaysia

    1,600.67
    -0.55 (-0.03%)
     

  • Jakarta Composite Index

    7,088.79
    -34.81 (-0.49%)
     

  • PSE Index

    6,511.93
    -30.53 (-0.47%)
     

EU regulators delay ChemChina/Syngenta merger decision to April 12

Reuters
A Syngenta logo is pictured in their office in Singapore, February 12, 2016. REUTERS/Edgar Su/File Photo

BRUSSELS (Reuters) - European Union antitrust regulators have extended the deadline for a decision on ChemChina's proposed buy of Swiss pesticides and seeds group Syngenta (SYNN.S) by 10 working days to April 12.

Syngenta said in a statement the two companies had asked for the extension to allow "sufficient time for the discussion of remedy proposals".

The European Commission opened an in-depth investigation into state-owned ChemChina's $43 billion bid in October, saying the companies had not allayed concerns over the deal.

The Commission's website showed the deadline had been extended by 10 days on Tuesday.

ADVERTISEMENT

"ChemChina and Syngenta remain fully committed to the transaction and are confident of its closure," the Swiss company said.

(Reporting by Julia Fioretti and Joshua Franklin in Zurich; editing by Susan Thomas)