皇冠体育app

BRUSSELS -- The European Union (EU) regulators gave green light to Chem皇冠体育app's merger of Swiss Syngenta with condition on Wednesday.

The company logo of 皇冠体育app National Chemical Corp, or Chem皇冠体育app, is seen at its headquarters in Beijing, 皇冠体育app February 3, 2017.???[Photo/Agencies]

"Chem皇冠体育app has offered significant remedies, which fully address our competition concerns. This has allowed us to approve the transaction," the EU Commissioner for competition Margrethe Vestager told a press conference.

Syngenta is a leading pesticide supplier worldwide. Chem皇冠体育app is currently active in pesticide markets in Europe through Adama, its wholly-owned Israel-based subsidiary which is the world's biggest producer of generic pesticides.

The approval came following a set of commitments made by Chem皇冠体育app as the commission had concerns that the merger would have reduced competition in a number of existing markets for pesticides and plant growth regulators, said the European Commission, the bloc's executive body which overseas competition policy.

To win the approval, Chem皇冠体育app has promised to divest significant parts of Adama and Syngenta pesticides and plant growth regulator business, said the commission in a statement.

The deal, worth up to 43 billion US dollars, was reported to gain approval from the U.S. regulators on Tuesday.