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Europe Daily Bulletin No. 8769

24 August 2004
GENERAL NEWS / (eu) eu/competition
Commission clears Syngenta acquisition of Advanta subject to former's commitment to divest from some of its business interests in Fox Paine

Brussels, 23/08/2004 (Agence Europe) - Last week the Commission gave its agreement to two inter-linked operations involving Dutch seed producer company Advanta B.V. Initially the European Commission cleared, the proposed acquisition of Advanta B.V. by Swiss-based Syngenta Crop Protection AG on the conditions of the subsequent divestment of Advanta's entire European operations. It then authorised Syngenta to sell to investment fund Fox Paine.

Initially the operation between Syngenta and...