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 07 mar 2018 13:24 

Commission clears acquisition of Century by Nufarm

The European Commission has approved, under the EU Merger Regulation, the acquisition of Century, a portfolio of assets belonging to Adama Agricultural Solutions Ltd of Israel and Syngenta AG of Switzerland, by Nufarm of Australia.

Century comprises a portfolio of pesticides including herbicides, fungicides, insecticides, seed treatment products, as well as plant growth regulators.

It is sold as part of the commitments offered by ChemChina to the Commission to approve the acquisition of Syngenta. Nufarm is a public company that offers pesticides including herbicides, insecticides, fungicides, and seed technologies. The Commission concluded that the proposed acquisition would raise no competition concerns because of the presence of several alternative competitors in various pesticide markets within the European Economic Area.

The operation was examined under the normal merger review procedure.

More information will be available on the Commission's competition website, in the public case register under the case number M.8725.

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