Syngenta Shares Tumble After EU’s Comment on ChemChina

Chinese state-owned chemical company ChemChina has not offered concessions over its $43 billion bid for Swiss pesticides and seeds group Syngenta, the European Commission said on Monday.

Syngenta syt shares fell after the comments from the EU competition enforcer. They were down 7.6% at 390 Swiss francs in early trade.

The companies met with the EU antitrust authority a week ago in a bid to allay competition concerns about China’s largest-ever...

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