Argentine watchdog recommends Syngenta’s takeover of Nidera

摘要

The Argentine competition authority, the CNDC, has recommended the government approve Syngenta Crop Protection’s deal to acquire Argentine seed business Nidera. It has submitted its recommendation to the Secretariat of Trade, advising its acceptance of Syngenta’s proposed moves to avoid over-concentration of supply. Syngenta agreed to acquire Nidera from parent company Cofco International in 2017. Two years ago, the CNDC issued objections to the proposed acquisition, and called on the companies to take measures to mitigate the anticipated impacts. The authority has this week accepted their